Antares Shipmanagement S.A. Appoints Henry Taibo as Executive Vice President of Corporate Development

NEW YORK, March 8, 2011 /PRNewswire/ --

Antares Shipmanagement S.A. has announced the appointment of Henry Taibo as Executive Vice President, Corporate Development as well as the formation of a representative office in New York. Reporting to the CEO, Henry will oversee corporate development, capital raising, joint ventures, managing and developing additional banking/capital markets relationships and other strategic projects. His appointment is effective as of February.

"Henry brings exceptional breadth in corporate strategy, M&A, private equity investing, and capital markets experience to Antares," stated Michael Tartsinis, President & CEO of Antares Shipmanagement. "He will be instrumental in the execution of our growth strategy," he added.

Mr. Taibo has over 12 years of advisory and strategic experience focused on the transportation industry. Henry was most recently Co-Founder of the Maritime & Logistics investment banking practice at SkyWorks Capital where he headed coverage of sector companies. Prior to SkyWorks Capital, Henry was a Principal with transportation fund Great Circle Capital where he was responsible for private equity investments across all transportation modes, including direct investments in drybulk/container shipping, offshore support vessels (OSVs), third party logistics (3PLs), trucking, and rail companies. While at Great Circle, Mr. Taibo completed 6 investments totaling over $115 million of invested equity capital. Henry started his career with transportation investment bank Seabury Group. Mr. Taibo received his B.S. from New York University's Stern School of Business.

Antares Shipmanagement S.A.

Antares Shipmanagement S.A. is a holding company for shipping assets as well as an operator of dry-bulk and tanker vessels. Headquartered in Athens, Antares provides technical and commercial management to ocean-going vessels. The company ensures compliance with the ISM/ISPS codes, is accredited by Lloyd's Register and is ISO 2001 certified. Antares is headed by Michael Tartsinis, formerly CEO of Global Oceanic (GO) Carriers which he took private with a consortium in 2008. Over 30 vessels have been acquired, sold or operated under Mr. Tartsinis supervision. Mr. Tartsinis is also Chairman of Nordia Bulk A/S, a Denmark-based dry bulk ship operating company focused on chartering Panamax vessels.

For more information about Antares Shipmanagement, please contact Maria Paidi at info@antares.gr or visit www.antares.gr.