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THE CREDIT CRUNCH AND SHIPBUILDING
World shipyards have a record order backlog. What effect will the global credit crunch have?

No effect
A slow down in new orders
Cancellation of some existing orders
Cancellation of many exisiting orders

Marine Log

April 14, 2008

Waterways Council seeks next President/CEO

Waterways Council, Inc. (WCI) Chairman Dan Mecklenborg announced today that an executive search has begun to identify a successor for R. Barry Palmer, WCI President/CEO, who has announced his intention to retire at the end of this year.

Waterways Council, Inc. is the national public policy organization advocating a modern and well-maintained national system of ports and inland waterways. The group is supported by waterways carriers, shippers, port authorities, shipping associations and waterways advocacy groups from all regions of the country.

WCI's Executive Committee has retained JDG Associates, Ltd., Rockville, MD, to conduct the national search for a successor for Mr. Palmer. A search committee to evaluate both internal and external candidates, led by Chairman Mecklenborg, has been organized and is composed of WCI Executive Committee members Rick Calhoun, President, Cargo Carriers; Mark Knoy, President, AEP MEMCO LLC; Merritt Lane, President and CEO, Canal Barge Company; Berdon Lawrence, Chairman of the Board, Kirby Corporation; Pete Lilly, President-Coal Group, CONSOL Energy Inc.; and Rodney Weinzierl, Executive Director, Illinois Corn Growers Association.

"It is nearly impossible to envision Waterways Council without Barry Palmer as its leader. Barry has been the face, as well as the heart and soul, of inland navigation advocacy for more than 25 years. While his colleagues and friends will wish him the very best in his upcoming retirement, it will seem like the end of an era without Barry at the helm of our organization," said Mecklenborg, who is Senior Vice President & Chief Legal Officer, Ingram Barge Company. "Fortunately, Barry will be with us through the balance of 2008 and will assist in transitioning his successor into their new role. Additionally, WCI has an extremely talented staff that is poised to support Barry's successor and advance the inland navigation mission going forward."

For more information on the search process, to nominate candidates, or submit materials, please contact Mr. Paul Belford at JDG Associates (email belford@jdgsearch.com, or call 301-340-2210).

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