Martin Fruergaard Chief Executive Officer Pacific Basin Shipping Limited Mr. Fruergaard joined Pacific Basin as an Executive Director in July 2021. He previously spent 26 years with A.P. Moller-Maersk A/S in Copenhagen and Houston, starting in 1989 at Maersk Tankers followed by the group’s gas carrier operation until 1995, before occupying managerial and leadership positions including senior director of Maersk Bulk Carriers, senior vice president of Maersk Tankers, and chief commercial officer of Maersk Drilling. From 2015 to June 2021, he served as chief executive officer of gas tanker owner and operator Ultragas. Education & qualifications: International Institute for Management Development: EMBA degree Various executive courses at IMD and Harvard Business School Advanced Management Program at Harvard Business School Term of office: Appointed Executive Director in July 2021 for 3 years External appointments: Executive Committee member of the Hong Kong Shipowners Association Committee membership: Chairman of Executive Committee