FSL Trust gets new ceo from FR8 Holdings

Hatton, was ceo of FR8 from 2008, having joined the company in 2007 as cfo. He takes up the top job at FSL with immediate effect.

FSL Trust management said he had, “significant commercial shipping experience including negotiating and executing time charters, sale & purchase deals and risk management strategies.”

FSL Trust’s top management, including ceo Philip Clausius, quit on emasse on 4 July.

The Trust has experienced a number of charter defaults, most recently from Geden Holdings. FSL Trust’s shares were trading on the Singapore Exchange at SGD0.08 ($0.062) per unit on Tuesday morning.