Home News Offshore & Marine

FSL Trust to sell product tanker

Atiqah Mokhtar
Atiqah Mokhtar3/2/2021 06:04 PM GMT+08  • 1 min read
FSL Trust to sell product tanker
A memorandum of agreement has been entered to sell the vessel FSL Osaka.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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 course of business, with further details on the net proceeds of the disposal and their utilization to be announced upon completion of the transaction.

SEE:FSL Trust closes 32% higher after 5.85-cent offer from sponsor announced

FSL Osaka is a 45,998 DWT medium-range product tanker built at Shin Kurushima in Japan in 2007 and has been deployed in a pool.

FSL Trust shares closed 0.1 cents lower or down 1.2% at 8.5 cents on March 2.

Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.