FSL senior vice president and chief commercial officer Vijay Kamath has quit the ailing shipping trust to “pursue other career opportunities”.
Kamath follows chairman and director, Wong Meng Meng; president and ceo, Philip Clausius; and senior vice president and cfo, Chong Chee Tham who all resigned from FSL Trust Management in July.
FSL Trust has been by multiple long-term lease defaults the latest being from OMNI Ships, with Geden Holdings defaulting on aframax tanker leases earlier this year.
In late August former FR8 Holdings ceo Alan Hatton to took up the helm at the trust after a period of two months where FSL Trust effectively had no top level management.
FSL Trust closed down 4.4% at $0.087 per unit 4 October.
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