Singapore company senior exec circles slimming down

Four senior executives are leaving Singapore-based company First Ship Lease Trust Management on the same day. According to the company, the reason is disagreements between board and management, while a loan agreement with the company's banks is dragging out.

BY JAKOB VESTERAGER

Singapore-based First Ship Lease Trust Management, which leases container, tank, and dry bulk ships, had to issue no less than five investor statements yesterday, Thursday, as four of the company's senior executives have opted to leave the company, while the fifth statement serves as an update regarding the status of the company's loan agreement.

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Singapore company senior exec circles slimming down

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Singapore carrier will get 14 new ships in 2013

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

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Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

14 arrested at demonstration in front of Maersk headquarters

Dry bulk players dismiss green fuels in favor of low-hanging fruits

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