Khan leaves Emirates Shipping Line
According to Seatrade Asia, Vikas Khan, the founder of newcomer Emirates Shipping Line (ESL), has resigned from the company, almost two months after stepping aside as chairman in order to concentrate on strategy.
His place on the board goes to T S Chen, who becomes executive director of parent company Emirates Holding and chairman of ESL. ESL has begun a strategic partnership with TS Lines in an arrangement where both companies will remain separate, but will work together to reduce costs through the economic crisis.
Founded in 2006, ESL was said to be the first shipping line to be launched from scratch in over 20 years, and the firm has won praise for its progressive thinking and and focus on service.