FSL Trust Appoint Esben Poulson Independent Director

Maritime Activity Reports, Inc.

September 29, 2014

Esben Poulson: Photo ICS

Esben Poulson: Photo ICS

FSL Trust Management Pte. Ltd. (“FSLTM”), as Trustee- Manager of First Ship Lease Trust (“FSL Trust” ) informs it has appointed Esben Sofren Poulsson as Non-Executive Independent Director of FSLTM, effective from 30 September 2014.

The Trust adds that Mr. Poulsson is a well-respected senior figure in the global shipping community with more than 40 years of industry experience.

He has been a significant contributor in positioning Singapore as a world class maritime center, acting as an advisor to a number of key trade associations and related bodies in Singapore.

He is currently a Council Member and Honorary Secretary of the Singapore Shipping Association and represents Singapore on the Board of the International Chamber of Shipping in London, of which he is a Vice Chairman. He is also a Non-Executive Director of Epic Shipping Singapore Pte. Ltd. and of X-Press Feeders Ltd. and acts as Senior Advisor to Straits Tankers Pte. Ltd.

Mr. Poulsson currently serves as Executive Chairman of Enesel Pte. Ltd, a Singapore based ship owning Company and as Chairman of Avra International Pte Ltd, a Singapore based commodities and shipping company. He previously held a number of senior positions within TORM A/S, an international shipping company, headquartered in Copenhagen and listed on the Copenhagen Stock Exchange. In his career with TORM he held a number of senior executive positions in Hong Kong, London and Copenhagen, his last position being CEO of TORM Singapore Pte. Ltd, from which he stepped down in 2009.

Tim Reid, Chairman of the Board of FSL Trust Management, stated:
“We are delighted to welcome Esben to the FSLTM Board. He is a highly knowledgeable and well-reputed figure within the international shipping community with an enviable wealth of industry experience. We have no doubt that Esben will contribute significantly to the Board’s efforts to ensure a sound future for the Trust.”

Esben Poulsson commented:
‘I am very happy to be joining the Board of FSLTM at such an interesting time. The current Board and management have made great strides towards securing the future of the Trust and improving its performance, and I look forward to contributing to the best of my ability to this revitalised platform in Singapore.”

First Ship Lease Trust is a shipowner and a provider of leasing services on a long-term bareboat charter basis to the international shipping industry. The Trust has a diversified portfolio of 23 modern and high-quality vessels, comprising seven containerships, 11 product tankers, three chemical tankers and two crude oil tankers.

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