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First Ship Lease Trust Announces Delivery Of FSL Osaka
Daily Bulletin | 01 December 2015
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First Ship Lease Trust has taken delivery of the newly acquired 2007, Japanese-built, 45,998 deadweight tonnage medium range product tanker and has named the vessel FSL Osaka. FSL Osaka was placed in the Hafnia medium range pool immediately after its delivery and is operating in the spot market.

The trust expects this new employment to generate an annual cash-on-cash yield of 14.3 percent based on a conservative time charter equivalent of US$16,500 per day over the next three years. The trust’s fleet now stands at 24 vessels comprising seven containerships, 12 product tankers, three chemical tankers and two crude oil tankers.

First Ship Lease Trust  -- -- --   
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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