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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