SUBSCRIBERS
FSL Trust sells chemical tanker for US$13.8m to ease debt
Published Tue, Jan 16, 2018 · 09:50 PM
Singapore
FIRST Ship Lease Trust (FSL Trust) has sold a chemical tanker for US$13.8 million to help cut its debt.
Net proceeds from the disposal will be used in full to repay an outstanding loan facility in the first quarter of the fiscal year 2018, the trustee-manager said in a bourse filing on Tuesday. Accordingly, FSL Trust will record a related impairment charge of about US$9 million in the fourth quarter of 2017.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama