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First Ship Lease Trust Secures New Time Charter Contracts Worth US$61 Million
Daily Bulletin | 07 July 2015
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First Ship Lease Trust has reached an agreement with a leading global commodities trader to charter three vessels for two years.

The contracts include options to extend at a higher rate for FSL Hamburg and FSL Singapore for a further six months and FSL Shanghai for a further 12 months.

FSL Hamburg and FSL Singapore are medium range product tankers built in 2005 and 2006 respectively whilst FSL Shanghai is an Aframax crude oil tanker built in 2007.

The agreements are expected to commence during the second half of this year and generate up to US$61 million in revenue over the next three years.

First Ship Lease Trust  0.044 -0.001 -2.22%   
Business: Singapore-based business trust which owns a fleet of vessels across major shipping sub-sectors.

Insight: Feb-19, FY18 revenue fell 17.7% due to a reduced f... Read More

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