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Mr. Shaerf has served as a director since 2001. From 2002 to April 2005 Mr. Shaerf was senior vice president of American Marine Advisors Inc. a merchant banking firm exclusively focused on the maritime industry. In May 2005 American Marine Advisors changed its name to AMA Capital Partners LLC and Mr. Shaerf was named managing director. Mr. Shaerf having almost 30 years experience in the maritime industry was a co-founder of Poseidon Capital and he also ran The Commonwealth Group a leading broker and consultant in the container and liner sector. He is a director of General Maritime Corporation (NYSE) and Trailer Bridge Inc. (NASDAQ) and former director of MC Shipping Inc. (AMEX). Mr. Shaerf is also a director of The Containerization and Intermodal Institute and vice chairman of the Government sponsored Short Sea Shipping Co-operative. | 