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

People & Company News

Canadian Icebreaker Refit Contracts Awarded

The Canadian Government informs it has awarded a $6.5 million contract to Babcock Canada Inc. for critical refit work for Canadian Coast Guard ship 'CCGS Louis S.

Atkins Gain Maersk Oil Engineering Contract

Design, engineering and project management consultancy Atkins, says it has been awarded an engineering support contract covering three of Maersk Oil’s UK assets in the North Sea.

Brokers Marcon Conclude Ocean Deck Barge Sale

Marcon International, Inc. of Coupeville, Washington says that Pacific Coast Maritime, Inc., Seattle, Washington, a subsidiary of Harley Marine Services, Seattle,

Tanker Trends

Global Shipping Exposed to Cyber Threats

The next hacker playground: the open seas - and the oil tankers and container vessels that ship 90 percent of the goods moved around the planet. In this internet age,

Euronav Posts 62% Core Profit Increase

Belgian crude oil shipping group Euronav on Wednesday unveiled a 62 percent rise in first-quarter core profit as daily rates for its fleet rebounded from last year.

Navios Time Charters Two Product Tankers

Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, has announced  that the Nave Equinox and the Nave Pulsar have been chartered out

News

Mitsui O.S.K. Ship Ready To Leave Chinese Port

Japanese shipping firm Mitsui O.S.K. Lines Ltd said on Thursday that its ship, the "Baosteel Emotion" 226,434 deadweight-tonne ore carrier, is ready to leave

Body Of Korean Boy Who Raised Alarm On Sinking Ferry Found

The body of a South Korean boy whose shaking voice first raised the alarm that a passenger ferry with hundreds on board was in trouble has been found, his parents believe,

UASC Introduces New Asia - Europe Network

UASC has introduced its new Asia – Europe Network with three new services (AEC1, AEC3, AEC4), and two enhanced services (AEC8, AEC9). These services will broaden

People in the News

Atkins Gain Maersk Oil Engineering Contract

Design, engineering and project management consultancy Atkins, says it has been awarded an engineering support contract covering three of Maersk Oil’s UK assets in the North Sea.

Body Of Korean Boy Who Raised Alarm On Sinking Ferry Found

The body of a South Korean boy whose shaking voice first raised the alarm that a passenger ferry with hundreds on board was in trouble has been found, his parents believe,

Cool Runnings: R.W. Fernstrum's Engineered Solutions

A hallmark of the global maritime industry is the proliferation of smaller, family founded and managed businesses. R.W. Fernstrum is one such company: a ubiquitous

Logistics

Brokers Marcon Conclude Ocean Deck Barge Sale

Marcon International, Inc. of Coupeville, Washington says that Pacific Coast Maritime, Inc., Seattle, Washington, a subsidiary of Harley Marine Services, Seattle,

Hong Kong Receive BMT Maritime Strategic Study

BMT Asia Pacific (BMT), a subsidiary of BMT Group Ltd, says it has completed a major strategic study - “Enhancing Hong Kong’s Position as an International Maritime Centre (IMC)”,

UASC Introduces New Asia - Europe Network

UASC has introduced its new Asia – Europe Network with three new services (AEC1, AEC3, AEC4), and two enhanced services (AEC8, AEC9). These services will broaden

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Pod Propulsion Port Authority Salvage Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | 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: 0.1530 sec (7 req/sec)