Search results for: FSL Trust

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  • 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 […]

  • 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 […]

  • 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 […]

  • 24 February 2020
    Business & Finance

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

  • 11 April 2012
    Business & Finance

    FSL Trust Management Pte. Ltd. , as trustee-manager of First Ship Lease Trust refers to the announcement made on 4 April 20121 by TORM A/S (“TORM”). FSL Trust currently leases two product tankers, namely, TORM Margrethe and TORM Marie, to a wholly-owned subsidiary of TORM. The Vessels are leased on bareboat charters for lease terms […]

  • 20 November 2019
    Business & Finance

    Singapore-based FSL Trust has decided to dispose of two 109,672 dwt LR2 product tankers.

  • 10 October 2017
    Business & Finance

    After it terminated an earlier agreement to sell its shares to Navios Maritime Holdings, FSL Trust Management said that the move was made as the proposed transaction “would not be feasible.” The company, a trustee-manager of Singapore-based First Ship Lease Trust, signed a term sheet with Navios in April 2017 to sell 154.4 million shares in FSL Trust, […]

  • 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 […]

  • 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.

  • 27 February 2018
    Business & Finance

    First Ship Lease Trust has reported a net loss of USD 33.9 million for Q4 of 2017 and USD 73.9 million for the full year.

  • 6 March 2012
    Business & Finance

    FSL Trust Management Pte. Ltd. announces that, as of 5 March 2012, ‘Pertiwi’, one of the three 19,900 dwt stainless steel chemical tankers previously leased to a subsidiary of Berlian Laju Tanker Tbk (“BLT”), has been redelivered to FSL Trust and will be renamed ‘FSL New York’. FSLTM has appointed Columbia Shipmanagement (Singapore) Pte. Ltd. […]

  • 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., […]

  • 22 December 2017
    Business & Finance

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

  • 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.

  • 18 January 2018
    Business & Finance

    FSL Trust has sold FSL Busan, a 1,221 TEU vessel, in an effort to reduce its debt. 

  • 2 August 2018
    Business & Finance

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

  • 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 […]

  • 18 April 2017
    Business & Finance

    Singapore-based First Ship Lease Trust (FSL Trust) has reached an agreement to employ its vessel Aframax crude oil tanker FSL Hong Kong in the Teekay Group Revenue Sharing Agreement post dry docking. The 115,000 dwt tanker was previously employed on a two-year time charter with refiner and marketer of petroleum products Tesoro since June 2015. Built by South […]

  • 16 January 2018
    Business & Finance

    First Ship Lease Trust sells chemical tanker in an effort to reduce outstanding debt facility.

  • 22 April 2020
    Vessels

    The construction of First Ship Lease Trust’s first two 114,000 DWT LR2 newbuildings in China is progressing smoothly despite COVID-19 challenges to the shipbuilding industry, the company’s trustee manager said. The ships, set to be fitted with scrubbers, are being built by COSCO Shipping Heavy Industry (Yangzhou) Co., Ltd and were bought in December 2018 […]

  • 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 […]

  • 5 June 2019
    Business & Finance

    FSL Trust earlier said that the proceeds from the offering would be used to renew its ageing fleet.