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FSL Trust top management exodus continuesFSL Trust top management exodus continues

The senior management exodus from Singapore-listed First Ship Lease Trust (FSL Trust) continues.

Marcus Hand, Editor

October 4, 2013

1 Min Read
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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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About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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