SINGAPORE SHIPPING CORPORATION LIMITED
16
1
There have been some significant changes in the management team of the company this
financial year. How do you see the changes affecting the Group’s performance?
The appointment of the CEO is part of the Group’s succession plan. The appointment marks the
culmination of a year of intensive selection, performance evaluation and Board deliberation. The
Board is confident that the top management has taken charge of the day-to-day management
well, and will lead the Group into its next phase of growth.
More importantly, the stewardship and guidance of the Executive Chairman continues. This
bodes well for the future of the Group.
2 What do you see as the major challenges facing the Group in the near future?
The dismal state of disarray of the current global ship-owning sector and the oversupply of
vessels affecting every segment of the shipping industry, are some of the major challenges the
Group faces in the near future.
However, the Group’s strategic focus in its business plans, together with its excellent track
record, dedicated team of shipping professionals, prudent financial policies, and stable set of
long-term income, are all positives that set the Group apart from the rest of the industry players.
These positives outweigh the challenges which the industry is facing as a whole.
TAN GUONG CHING
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Independent Non-Executive Director
MEng Chemical (McMaster University, Canada), BEng Chemical (McMaster University, Canada)
INTERVIEW WITH CHAIRMAN, AUDIT
AND RISK MANAGEMENT COMMITTEE
