The Business Times
business-time-50

FSL Trust subsidiaries to buy two product tankers for US$97.6m

google-preferred-sourceAdd BT as a preferred source
Published Thu, Dec 13, 2018 · 09:50 PM

Singapore

FIRST Ship Lease Trust (FSL Trust) plans to buy two product tankers for a total of US$97.6 million as part of plans to renew its fleet of vessels, the trust said on Thursday before market open.

Its wholly owned subsidiaries - FSL-28 and FSL-29 - and shipbuilder Cosco Shipping Heavy Industry (Yangzhou) struck a deal on Wednesday for the purchase of two 114,000 deadweight tonnes scrubber fitted Tier III LR2 product tankers.

first ship lease trust

TRENDING NOW

Handled passively, satellite connectivity becomes a service that the telco distributes, while somebody else sets the economics.

When every phone becomes a satellite phone, what happens to Asia’s telcos?

After vacating her roles on Oct 1, Lily Ler will become group CFO of the trust’s sponsor, Mapletree Investments.

Lily Ler to step down as CEO of Mapletree Industrial Trust manager

The proposed transaction also involves the sale of associated trademarks across Singapore, Malaysia and Myanmar.

Jardine C&C selling Singapore, Malaysia dealerships to Indonesia’s Chandra Asri for US$221 million gain

BYD’s rise to become the No 1 passenger-car seller in Singapore can be described as explosive. 

How BYD disrupted Singapore’s car market – and why the strategy is turning on itself

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More