Topouzoglou takes over as chairman of FSL Trust

Topouzoglou takes over as chairman of FSL Trust

The Greeks behind the takeover of Singapore’s FSL Trust have wasted little time stamping their authority.

Eleven days ago Germany’s HSH Nordbank sold FSL Holding, the holding company of  FSL Trust, to an affiliate of Greek shipowner Prime Tanker Management. On Friday, Prime moved to install its own management at the Asian company.

Stathis Topouzoglou has replaced Tim Reid as chairman of the board. Reid had held a non-executive position at struggling FSL Trust since June 2013. Also of note, Michael Chalkias, who cofounded Prime with Topouzoglou, has been appointed as non-executive director at FSL Trust.

FSL currently has a fleet of 19 vessels, made up of three containerships and 16 tankers in various segments.

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.

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