FIRST Ship Lease Trust (FSL Trust) nearly halved its losses in the fourth quarter, helped by lower impairment charges in the three months to Dec 31, 2018.

FIRST Ship Lease Trust (FSL Trust) on Friday said its sponsor and controlling unitholder FSL Holdings had agreed to extend a secured, interest-bearing bridging loan of up to US$25 million to partially finance the acquisition of two newbuild tankers.

FIRST Ship Lease Trust (FSL Trust) on Friday said its sponsor and controlling unitholder FSL Holdings has agreed to extend  a secured, interest-bearing bridging loan of up to US$25 million to partially finance the acquisition of two newbuild tankers.

THE following companies saw new developments that may affect trading of their shares on Monday:

FIRST Ship Lease Trust is selling a tanker to a third party, and will take an impairment charge on the vessel, said the manager on Friday night.