First Ship Lease Trust (FSL Trust) says its wholly-owned subsidiaries have executed memoranda of agreement to sell two LR2 product tanker newbuildings, the FSL Suez and FSL Fos to an unrelated third party.
The sale comes after the vessel’s deliveries from COSCO Shipping Heavy Industry (Yangzhou) or the shipyard.
FSL Trust says it has received the initial 15% deposit in escrow.
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