Singapore: Vijay Kamath has quickly found new work having recently quit First Ship Lease (FSL) Trust. Kamath, a well known figure on the Singapore shipping scene, has taken on the role of CFO at BW LPG. BW has earmarked its LPG division for a listing soon in Oslo soon.
Kamath was svp and chief commercial officer at FSL Trust. He quit at the beginning of October. This summer saw a mass walkout by many of the top executives of the trust.
BW recently placed an order for four VLGCs at Hyundai Heavy Industries. The IPO may help finance these ships.
"The BW Group sees strong opportunities within the LPG segment and would like to provide new investors with the opportunity to invest alongside the BW Group," said Andreas Sohmen-Pao, CEO of BW Maritime, last month when announcing IPO plans. [17/10/13]
Kamath quits FSL Trust