HONG KONG's Seaspan Corporation, the world's largest independent containership owner operator, has announced that Mark Chu has notified the company that he plans to step down from his roles as General Counsel and Chief Operating Officer to pursue other opportunities.
Mr Chu will remain in his current roles through August 31 to help facilitate a seamless transition.
Said Seaspan president and CEO Bing Chen: "I would like to thank Mark for his many contributions to Seaspan over the years. I am pleased that he will remain in place for the next four months to ensure a smooth transition, and on behalf of the full management team, I wish him all the best in his future endeavors."
Said company chairman David Sokol: "Mark has been a true professional in all aspects of his roles at Seaspan. I cannot thank him enough for his efforts since I joined the board and through the transition over the past nine months. I wish Mark continued success moving forward."
Said departing Mr Chu: "It has been a pleasure working at Seaspan with a team of dedicated and talented professionals, and I remain confident in the company's outlook under the leadership of David Sokol and Bing Chen."
Seaspan's operating fleet, including 4 newbuilding containerships on order scheduled for delivery to Seaspan by mid-2018, consists of 112 containerships representing a total capacity of over 900,000 TEU.
Excluding newbuilds, Seaspan's operating fleet of 108 vessels has an average age of five years and an average remaining lease period of five years, on a TEU weighted basis.
Sources:HKSG Group
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