Bugbee Named 2014 CMA Commodore

Posted by Eric Haun
Tuesday, November 19, 2013
Robert Bugbee speaking at CMA in March 2013

Robert Bugbee, President of Scorpio has been named as the Connecticut Maritime Association (CMA) Commodore for the year 2014. The award will be presented March 19, 2014 at the conclusion of the CMA's Shipping 2014 Annual Conference and Exposition

Mr. Bugbee follows a long succession of influential maritime industry leaders as Commodore. The 2014 Commodore Award will be presented to Mr. Bugbee on March 19, 2014 at the Gala Dinner marking the conclusion of the annual Connecticut Maritime Association conference and trade exposition, at the Hilton Hotel in Stamford, Connecticut, U.S.

The Award is given each year to a person in the international maritime industry who has contributed to the growth and development of the industry.

Mr. Bugbee is a serial success story with more than twenty five years in shipping, teaming with great companies and great partners to contribute to the successful development of multiple businesses, from his start at Gotaas Larsen to the growth and perfectly timed sale of the Craig Stevenson led OMI, where he contributed astute commercial vision as Chief Operating Officer.

Mr. Bugbee brings an enormous understanding of the international shipping markets and the equally important capital markets to bear in his current role as President of Scorpio Tankers Inc. where he has been since 2010, when the company went public. He joined the Scorpio Group in February 2009. With the support of the company's investors and Chairman and CEO, Emanuele Lauro, Scorpio has more than any other public shipping company articulated a view of the future of the tanker industry and created a platform from which they have 18 vessels on the water and have ordered more than 50 modern ECO MR tankers.

But the remarkable growth of the Scorpio brand did not rest there. With market sense and astute timing his Scorpio team identified opportunity in dry bulk and Mr. Bugbee is a Co-Founder of Scorpio Bulkers Inc. and has been its President since July 1, 2013. The company is listed on the Norwegian OTC, focused on the ownership and operation of a fleet of 15 modern mid-size dry bulk carriers. Scorpio Bulkers has filed to list on the NYSE.

The Group and Mr. Bugbee also noted current opportunity in the VLGC gas sector and placed an order for eleven modern gas carriers which they subsequently merged through a structured investment into Connecticut based Dorian LPG, providing scale, value and liquidity through a significant consolidation of the gas sector, to Scorpio investors.

The team at Scorpio is focused on delivering value to clients and shareholders, and in Mr. Bugbee have an articulate, opinionated, dynamic master of communications, skills which have helped deliver value through a combination of strong relationships within the institutional investment markets and an adroit command of capital markets products and timing.

Ian Workman, President of the CMA, upon making the announcement, stated "Mr. Bugbee is the personification of the sort of energy and creative thinking that makes the shipping industry great. A champion of the industry, Mr. Bugbee is a tireless contributor to the business, telling the industry's story, whether at our Association lunches and conferences or on the road speaking to the world about the Scorpio Group. His eyes are always focused on building value for his business, but he always finds time to give back as well. So for all he has done for the industry, and for our community here and around the world, it is a pleasure to recognize Mr. Bugbee as Commodore."

Former CMA Commodores include: Ole Skaarup, Jacob Stolt-Nielsen, George Livanos, Phil Loree, Thomas Moran, Gregory Hadjieleftheriadis, Helmut Sohmen, Gerhard Kurz, William O'Neil, Richard du Moulin, Per Heidenreich, Marc Saverys, Frank Tsao, Stelios Haji-Ioannou, Peter Georgiopoulos, C. Sean Day, Torben Jensen, Morten Arntzen, John Fredriksen, Capt. Wei Jiafu, Philippe Louis-Dreyfus, Angeliki Frangou, Øivind Lorentzen, III and in 2013 Peter Evensen.

shipping2014.com
 

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

ICC Conference Focuses on Platform to Settle Disputes

The 5th ICC International Commercial Mediation Conference has brought together leading mediators, arbitrators, corporate managers and in-house counsel from around

Keystone XL Costs to Nearly Double - TransCanada

The total cost of TransCanada Corp's controversial Keystone XL pipeline is likely to nearly double following six years of regulatory delays, a company spokesman said on Friday.

Chevron To Find Buyers for Hawaiian Refinery

Chevron Corp has hired an investment bank to identify potential buyers of its 54,000 barrel-a-day refinery in Kapolei on the Hawaiian island of Oahu, a company official said.

Tanker Trends

Ingram Barge Order 20 Tank Barges for 2015

Ingram Barge Company say they will be building 20 tank barges in 2015 to meet growing demand for chemical shipments. While most of the company’s recent tank barges have come through acquisitions,

Finland Grants Support to Three Small LNG Terminals

The Finnish government granted 65.2 million euros (84.22 million US dollar) in subsidies to build three small liquefied natural gas (LNG) terminals to cut on use

Senator Says 2015 Could Be Time for US Oil Export Bill

The top supporter in the U.S. Congress for reversing the 40-year ban on crude oil exports, Senator Lisa Murkowski from Alaska, said next year could be the time for a bill on lifting the restriction.

News

Rosneft says Exxon Still Continues to Work With it in Arctic

Russia's biggest oil producer Rosneft said on Saturday that Exxon Mobil was still continuing exploration drilling at their joint project in the Arctic Kara Sea.

ICC Conference Focuses on Platform to Settle Disputes

The 5th ICC International Commercial Mediation Conference has brought together leading mediators, arbitrators, corporate managers and in-house counsel from around

Ban Welcomes Leonardo DiCaprio as UN Messenger of Peace

As the eyes of the world turn to New York City, where thousands of people are expected to gather today for a massive march in advance of a United Nations climate summit,

People in the News

ICC Conference Focuses on Platform to Settle Disputes

The 5th ICC International Commercial Mediation Conference has brought together leading mediators, arbitrators, corporate managers and in-house counsel from around

Ban Welcomes Leonardo DiCaprio as UN Messenger of Peace

As the eyes of the world turn to New York City, where thousands of people are expected to gather today for a massive march in advance of a United Nations climate summit,

Dann Marine Repowers With Cummins Tier 3 Engines

Dann Marine Towing, LC., is a fifth generation family owned and operated tugboat company based in Chesapeake City, MD. The model-bow twin-screw tug Sea Coast was

Logistics

Tropical Storm Polo Threatens Battered Mexican Resort of Los Cabos

Tropical storm Polo barreled nearer on Friday to the Mexican Pacific resort of Los Cabos where thousands of troops were restoring order following widespread

Chevron To Find Buyers for Hawaiian Refinery

Chevron Corp has hired an investment bank to identify potential buyers of its 54,000 barrel-a-day refinery in Kapolei on the Hawaiian island of Oahu, a company official said.

Exxon: U.S. to Allow Wind Down Ops in Russian Arctic

U.S. oil major Exxon Mobil said on Friday the U.S. Treasury Department granted it a license to wind down operations on a drilling well in the Kara Sea in the Russian Arctic.

 
 
Maritime Security Maritime Standards Navigation Pipelines Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2285 sec (4 req/sec)