Frank Coles quits as head of Transas

Less than six months since he masterminded his company’s sale to Finnish technology group Wärtsilä, Splash understands Frank Coles has tendered his resignation as head of navigations solutions specialist Transas.
Coles, one of the best known propopents on shipping’s drive towards digitalisation, is expected to announce a new posting soon. He helmed Transas since September 2015, having previously been in charge of communications giant Inmarsat Maritime.
Andrey Sitkov, a 20-year veteran at Transas, will take over as interim operative manager for Transas from September 21.
In March this year Wärtsilä spent $258m buying Transas with the Finnish company’s president of marine solutions, Roger Holm, commenting at the time: “We can now connect Wärtsilä’s product portfolio, the biggest in the marine industry, with ship traffic control, simulators, navigation solutions and fleet operation solutions from Transas.”
A lawyer by training, Coles started out at Richards Butler before moving to Hong Kong dry bulk player Pacific Basin in the 1990s, after which his career has been focused more on the communications side of the industry.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.


  1. This news begs the question of whether / how visionaries can succeed within a corporate stable. Not an easy course to navigate at a time that real digital solutions for maritime are fog-enshrouded, and the drive of visionaries as sorely needed so we can pierce thru this fog and gain some clarity.

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