The former boss of Miclyn Express Offshore has become non-executive chairman of Atlantic Navigation. Michael Kum, also known in Singapore for his hotel investments, has completed his takeover of the struggling offshore firm, buying a 50.2% stake in the outfit.
Wong Siew Cheong, who was Atlantic Navigation’s executive chairman, has been redesignated as an executive director of the board and retains his role as CEO.
Earlier this year Dubai’s Gulf Navigation came close to buying Atlantic Navigation.