Ultrapetrol (Bahamas) Ltd. announced the appointment of Eduardo Ojea Quintana to its Board of Directors at the annual general meeting of its shareholders. Eduardo Ojea Quintana is currently the President of the Board of Directors of Transportadora de Gas del Norte S.A. and a member of the board of directors of several other energy companies in South America. He has served as a member of the Argentine Chamber of Oil Companies, part of the Argentine Institute of Oil and Gas, the Argentine Council for the Sustainable Development Companies and the Academy Center for the Energy Regulatory Activity.