The Business Times

First Ship Lease Trust unit to sell one vessel

Its wholly owned subsidiary, FSL-1, will be selling the vessel Cumbrian Fisher to an unaffiliated third party

Chloe Lim

Chloe Lim

Published Mon, Dec 16, 2024 · 08:51 AM
    • The vessel is a product tanker of 12,921 deadweight tons and has been employed under bareboat charter.
    • The vessel is a product tanker of 12,921 deadweight tons and has been employed under bareboat charter. PHOTO: BT FILE

    FIRST Ship Lease (FSL) Trust announced on Monday (Dec 16) that its wholly owned subsidiary, FSL-1, will be selling the vessel Cumbrian Fisher to an unaffiliated third party.

    FSL-1 has entered a memorandum of understanding with the buyer who lodged a 10 per cent deposit in escrow.

    Built at Samho in South Korea in 2004, the vessel is a product tanker of 12,921 deadweight tons and has been employed under bareboat charter.

    Units in FSL Trust closed flat at S$0.041 before the announcement.

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