Singapore's Troubled FSL Trust Appoint Independent Audit Directors

MarineLink.com
Tuesday, July 23, 2013

Independent directors have been appointed to FSL Trust Audit Committee.

FSL Trust Management Pte. Ltd. (“FSLTM”), as trustee-manager of First Ship Lease Trust (“FSL Trust”), announces that Mr. Michael J. Oliver and Mr. Simon S. Davidson, both non-executive and independent directors of the Board of FSLTM, have been appointed as members of FSLTM’s Audit Committee (“Audit Committee”).

Mr. Michael J. Oliver, who has over 40 years of international experience in the banking and financial services industry, will serve as Chairman of the Audit Committee. With the new appointments, the Audit Committee now comprises three non-executive and independent directors:-

• Mr. Michael J. Oliver (Chairman)
• Mr. Simon S. Davidson
• Dr. Michael John Montesano III

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

'Governments Must Act to Save Thousands of Migrants'

The humanitarian crisis in the Mediterranean Sea is spiralling out of control. EU Member States must act urgently to prevent the loss of thousands more lives,

‘Blue Queen’ on First Mission

The platform supply vessel 'Blue Queen', an ULSTEIN PX121 design, was named at Ulstein Verft on Friday 27 February. The ship will be working in the spot market.

US, Australian, Indonesian Navies Commemorate Battle of Sunda Strait

Senior officials from the United States, Australia and Indonesia paid their respects to the crews of USS Houston (CA 30) and HMAS Perth (D 29) during a wreath laying ceremony March 1,

Finance

Shipping Contributes $164bln to EU

The European Community Shipowners' Associations has released the results of a recent update of an Oxford Economics study on the economic value of the EU shipping

Genting Acquires Crystal Cruises

Crystal Cruises has been sold for $550 million to the owner of Asia's largest cruise line and a major shareholder of Norwegian Cruise Line.    Crystal's parent company,

Africa Should Tap its Maritime Resources: IMO

The huge potential of the oceans and the maritime industry to assist in the development of the African continent has already been noted, International Maritime

 
 
Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1347 sec (7 req/sec)