Search results for: FSL Trust Management

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  • 26 October 2015

    Singapore-listed shipowner FSL Trust Management Pte. Ltd. (FSLTM) has entered into a memorandum of agreement to purchase a 2007, Japanese-built, 45,998-dwt MR product tanker for USD 21.8 million as it pushes to improve revenues by 2016. The Trust said that it plans to finance the acquisition through existing cash reserves that totalled USD 41.8 million […]

  • 24 February 2020
    Business & Finance

    FSL Trust has launched the sale of the crude oil tanker FSL Shanghai.

  • 26 July 2018
    Business & Finance

    FSL Trust completed the refinancing of all outstanding amounts under an existing syndicated loan.

  • 26 October 2015

    Singapore-listed shipowner FSL Trust Management Pte. Ltd. (FSLTM) has entered into a memorandum of agreement to purchase a 2007, Japanese-built, 45,998-dwt MR product tanker for USD 21.8 million as it pushes to improve revenues by 2016. The Trust said that it plans to finance the acquisition through existing cash reserves that totalled USD 41.8 million […]

  • 9 May 2018
    Business & Finance

    FSL Trust Management is to secure refinancing for FSL Trust’s two chemical tankers, FSL New York and FSL London.

  • 13 December 2018
    Business & Finance

    FSL is to sell ageing vessels in order to collect funds for the construction of two new tankers.

  • 2 October 2017
    Business & Finance

    Navios Maritime Holdings and FSL Trust Management, a trustee-manager of Singapore-based First Ship Lease Trust, have failed to finalize their earlier sale and purchase agreement for a major share in the trust. In April, Navios signed a term sheet to buy 154.4 million shares in FSL Trust, representing around 24.2% of the total number of issued units […]

  • 23 May 2018
    Business & Finance

    FSL Trust Management Pte has obtained a commitment of up to USD 18 million for the refinancing of two chemical tankers.

  • 20 January 2019
    Business & Finance

    FSL Trust is selling a 2005-built MR product tanker as part of its fleet renewal efforts.

  • 14 January 2019
    Business & Finance

    First Ship Lease Trust has launched a litigation procedure against vessel owner Torm Singapore Pte.

  • 7 December 2018
    Business & Finance

    FSL Trust signed a Letter of Intent for the construction of two scrubber-fitted LR2 tankers.

  • 5 July 2018
    Business & Finance

    FSL Trust Management collects over USD 100 million to refinance loans.

  • 25 April 2017
    Business & Finance

    Singapore’s FSL Trust Management Pte, the trustee-manager of First Ship Lease Trust, has inked a new agreement for the extension of bareboat charters for three vessels. The ships that fixed charters are product tankers Speciality, Superiority and Seniority, built in 2006 and 2007, each featuring approximately 4,426 DWT. The three vessels were chartered out to […]

  • 30 June 2014
    Business & Finance

    FSL Trust Management Pte. Ltd. (FSLTM) has entered into a time charter agreement with Tesoro Far East Maritime Company for the FSL Shanghai, a 115,000 dwt crude oil tanker built in 2007. The new employment is anticipated to generate approximately US$5.7 million of headline revenues over the next 12 months. This represents an increase of […]

  • 28 April 2017
    Business & Finance

    Greek shipping firm Navios Maritime Holdings has reached a deal with FSL Trust Management, the trustee-manager of First Ship Lease Trust, to acquire a major share in the company. Navios plans to buy 154.4 million shares in the Singapore-based First Ship Lease Trust, representing around 24.2% of the total number of issued units in FSL Trust, for […]

  • 2 August 2018
    Business & Finance

    FSL Trust Management enters a pool agreement for two LR2 vessels with Heidmar.

  • 22 December 2017
    Business & Finance

    Godan GmbH, the controlling unitholder of FSL Trust, is looking to sell all of its shares in FSL Holdings.

  • 2 April 2020
    Business & Finance

    FSL Shanghai, a crude oil tanker, was sold to Performance Shipping.

  • 4 May 2012
    Business & Finance

    FSL Trust Management Pte. Ltd. (“FSLTM”), as trustee-manager of First Ship Lease Trust (“FSL Trust” or the “Trust”) announced that its product tanker, ‘FSL Hamburg’, will be chartered to Petròleo Brasileiro S.A. (“Petrobras”) on a three-year time charter contract. This will be FSL Trust’s second time charter contract with Petrobras. Subject to physical inspection of […]

  • 19 December 2017
    Business & Finance

    Singapore-based FSL Trust Management has launched negotiations with lenders to extend the maturity of its USD 479.5 million loan by one year. A total of USD 165.6 million remains to be repaid under the facility, which dates back to December 2011. “A majority of the lenders under the syndicated loan facility have indicated their support for […]

  • 14 June 2011
    Business & Finance

      Only a week after the announcement of its first proposed acquisition in 2011, First Ship Lease Trust (“FSL Trust” or the “Trust”), which is managed by Trustee-Manager FSL Trust Management Pte. Ltd. (FSLTM), has entered into another definitive agreement to purchase its second Long Range II (LR2) product tanker from TORM Singapore Pte. Ltd., […]

  • 29 March 2012
    Business & Finance

    FSL Trust Management Pte. Ltd. (“FSLTM”), as trustee-manager of First Ship Lease Trust (“FSL Trust”) wishes to announce that it has reached an agreement to charter its vessel, ‘FSL Singapore’, to Petròleo Brasileiro S.A. (“Petrobras”) on a three-year time charter contract. The vessel is expected to be deployed on the time charter within the second […]