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Mr. McNelis has served as a director since February 2004 and as senior executive vice president and chief operating officer since March 2005. Since 1993 Mr. McNelis has served as executive vice president of the Commercial Department at TBS Shipping Services where he manages the chartering department responsible for commercial employment of liner and tramp vessels. He has worked with Mr. Royce for over 20 years engaging in contract negotiations time charters voyage charters contracts of affreightment and developing and controlling trade lanes. Mr. McNelis previously served as vice president of COTCO. Mr. McNelis has over 27 years experience working both in South America with shipowners and shipbrokering in New York. | 