C.N. Watson Passes Away

C. Neville Watson, executive chairman of Steamers Maritime Holdings, passed away in late April. Mr. Watson was involved in the maritime industry in Singapore for 27 years, working with the British Swan Hunter Group to help the government corporatize the British naval base in Sembawang, and later becoming managing director of Keppel Shipyard. He then served a 16-year stint at the helm of Sembawang Shipyard as group chief executive.

After retiring in 1991, Mr. Watson became Keppel Corporation's director of U.K. Operations, based in London. In January 1993, he returned to Singapore to head Steamers Maritime Holdings.

Teo Soon Heo, Keppel Group finance director and a director of Steamers, will oversee the company's business operations.