US Shipping has promoted Al Bergeron to replace chief executive Michael Ryan.

The New Jersey shipowner said the long-time chief financial officer is being promoted as Ryan steps down to take a position at another company after five years at US Shipping.

Bergeron will also take a seat on the company's board of directors.

"We will continue to focus on the transportation basics of uncompromising safety and compliance, executing the most cost efficient ways to manage our valuable service product and developing long-term relationships with clients who view US Shipping Corp as a solution for their supply chain requirements," the new chief executive said in an announcement.

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