Bluewater Acquisition Corp. announced the appointment of Frederick Jones as Special Advisor to the board of directors. For several months, Mr. Jones has been working closely with the board and management of Bluewater to achieve their goal of consummating a Qualifying Transaction in the maritime shipping industry. Mr. Jones has over 40 years of experience in the energy industry, commodities industry and maritime shipping industry. He was a founding shareholder and partner of Marc Rich + Co which was the precursor firm to what is now Glencore PLC. Mr. Jones also served as an advisor to the President of the Organization of the Petroleum Exporting Countries.