The Board of Directors of Steamships Trading Company Limited (Steamships) announce the intended appointment of Rupert Peter Napier Bray to succeed Michael Richard Scantlebury as the Managing Director of Steamships with effect from 21 September 2020. Effective as and from that same date, Mr. Bray will cease his appointment as Chief Operating Officer of Steamships and Mr. Scantlebury will continue as Finance Director and Company Secretary of Steamships.