Mr. Klopfer was appointed Commercial Director of Navig8 Americas in 2012. Navig8 is the industry's largest independent pool and commercial management company. He has oversight of the company's offices in the United States, which includes business development/projects and pool management.

Over recent months, Mr. Klopfer has played a pivotal role in extending Navig8's commercial platform and expertise in partnership with Shipping Investors:

Navig8 was a key sponsor in Navig8 Product Tankers, Inc. (Oslo OTC Listing Ticker: "EIGHT") - a product tanker company with 18 eco-design LR2s currently under construction at Korea's Sungdong and China's GSI shipyards. Most recently, the company placed orders for 12 eco-design LR1s from Korea's STX and SPP shipyards.

In addition, Navig8 founded Navig8 Chemical Tankers, Inc. in partnership with Oaktree Capital Management. This company was recently registered on the Oslo OTC (Listing Ticker: "CHEMS") and has 30 eco-design chemical vessels under construction in Korea and in Japan.

Navig8 was also a key sponsor in Navig8 Crude Tankers, Inc. (Oslo OTC Listing Ticker: "BLUE") - a crude tanker company with a series of 14 eco-design Very Large Crude Carrier tankers currently under construction in Korea and in China.

Mr. Klopfer's prior professional experience was with Poten & Partners, Inc., the world's largest privately held ship brokerage company. He served as Managing Director of the company's Spot Tanker Desk, where he developed a brokerage business that more than doubled its market share during his tenure.

Prior to his work at Poten & Partners, Inc., Mr. Klopfer was a Vice President at Overseas Shipholding Group (OSG) where he oversaw the commercial management of the Aframax International pool - a fleet which exceeded 50 vessels during his tenure. During his time at OSG, he also served as Vice President of Tankers International's VLCC/ULCC pool. Prior to his work at OSG, Mr. Klopfer started his career with McQuilling Brokerage Partners, Inc., as a Chartering Shipbroker.

Mr. Klopfer holds a Juris Doctorate from the Hofstra University School of Law (New York), a Masters of Business and Finance from Hofstra University (New York) and a Bachelor of Arts degree from Loyola University (Maryland). He is a registered Attorney in the State of New York (admitted 2004).