Ultrapetrol Bahamas Limited has announced the appointments of Barry Ridings and John Wobensmith to its board of directors. The additions of Mr. Ridings and Mr. Wobensmith will increase the board's membership to seven. Mr. Ridings currently serves as Vice Chairman of Lazard Freres & Co.

LLC. He also serves as Chairman of LMDC Holdings and as a member of the Board of Directors of various companies, including Siem Industries Inc. and iStar Inc. Previously, he was a Managing Director at Deutsche Banc Alex. Brown from 1990 to 1999 and at Drexel Burnham Lambert from 1986 to 1990.

Mr. Wobensmith currently serves as President of Genco Shipping & Trading. He was previously President of Baltic Trading Limited until its acquisition by Genco in 2015. Prior to that, he served as CFO of Genco, Senior vice president of American Marine Advisors, and vice president of First National Bank of Maryland's international maritime lending group.