Singapore – Eastern Pacific Shipping Pte Ltd today announced the appointment of Cyril Ducau as Chief Executive Officer to lead the company through the next phase of innovation and growth. He assumes responsibilities immediately and will succeed Steve Kunzer who has stepped down to spend more time with his family and to pursue new opportunities.

Cyril Ducau has worked with the Quantum Pacific Group for over 10 years and has 18 years of shipping and finance experience. He currently holds the position of Chairman of Kenon Holdings and is a member of the board of other private and public companies associated with Mr. Idan Ofer. Prior to joining the Quantum Pacific Group, Mr. Ducau was Vice President in the Investment Banking Division of Morgan Stanley.

Mr. Idan Ofer, Principal of the Quantum Pacific Group commented: “We would like to thank Steve for his significant contribution during his long tenure with the Group where he laid solid foundations from which Eastern Pacific Shipping will continue to benefit. I believe Cyril will lead the company to great success in the future. Thanks to our scale of operations and financial strength, I believe that we are well positioned to remain a leading diversified independent tonnage provider.”

Last month, Eastern Pacific Shipping Pte Ltd also appointed Mr. Gil Ofer as Business Development Manager. Gil will work closely with the Eastern Pacific Shipping team to focus on new business opportunities and start-up investments across the broader maritime space.

About Eastern Pacific Shipping

Eastern Pacific Shipping Pte. Ltd. is an international ship management company headquartered in Singapore managing a fleet of over 130 vessels. Eastern Pacific specializes in managing Capesize, Supramax, Handymax and Handysize Bulk Carriers, Crude Tankers, Product Tankers, Chemical Tankers, LPG Tankers, Container Ships and Pure Car (Truck) Carriers. Eastern Pacific Shipping offers a complete package of management services, from the building and purchase of a vessel through to crewing, operating, maintenance, repair, insurance and legal services and assisting the owners in finding employment for their vessels. Eastern Pacific Shipping is committed to providing the highest levels of customer satisfaction to its customers with particular emphasis on the safety of the ship, the cargo, the crew and the environment.