The manager of First Ship Lease Trust (FSL) has agreed to sell one 19,970 DWT chemical tanker on Aug 30. The trust’s wholly-owned subsidiary, FSL-9, has entered into a memorandum of agreement to sell the vessel FSL New York to an unaffiliated third party. The trust has already received the initial...

PhillipCapital analyst Vivian Ye has maintained “accumulate” on First Ship Lease Trust (FSL Trust) albeit with a lower target price of 3 cents from 5 cents previously, as profit after tax plunged 95% y-o-y on lower revenue. See: FSL Trust declares DPU of 2 US cents in 1Q21 “We halve FY2021 net...

FIRST Ship Lease Trust on Monday said that six wholly-owned subsidiaries of the trust have entered into a US$15 million facility agreement with Chailease International Financial Services (Singapore) for the refinancing of six vessels.

The manager of First Ship Lease Trust (FSL Trust) has declared distribution per unit (DPU) of 2 US cents (2.65 cents) for the 1QFY2021 ended March, 33.3% higher than DPU of 1.50 US cents in the year before. Profit for the quarter plunged 95% y-o-y at US$336,000, reflecting reduced earnings following...

The manager of First Ship Lease Trust (FSL Trust) has successfully sold FSL Osaka to an unaffiliated third party on March 23. The sale realised unaudited net sale proceeds of US$10.7 million ($14.4 million), which will go towards FSL’s general corporate purposes. FSL Trust first announced the disp...

THE following companies saw new developments that may affect trading of their securities on Thursday:

THE Singapore Exchange Regulation (SGX RegCo) has ordered First Ship Lease Trust (FSL Trust) to seek unitholders' approval for a sale of two product tanker newbuildings.

A wholly-owned subsidiary of First Ship Lease Trust (FSL Trust) has entered into a memorandum of agreement to sell the vessel FSL Osaka to an unaffiliated third party. An initial 10% deposit for the vessel has been received in escrow. The sale of the vessel is in line with the Trust’s ordinary cou...

THE trustee-manager of First Ship Lease (FSL) Trust has cited weaker earnings prospects as the rationale for its decision to sell two LR2 product tankers, in response to queries from the Singapore Exchange (SGX).

TWO units of First Ship Lease Trust (FSL Trust) have entered an agreement to sell two LR2 product tanker new-building vessels, the FSL Suez and FSL Fos, the firm's trustee-manager announced in a Wednesday bourse filing.