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First Ship Lease Trust unit to sell one vessel

First Ship Lease Trust unit to sell one vessel

By Swedan Margen

Fashion

Its wholly owned subsidiary, FSL-1, will be selling the vessel Cumbrian Fisher to an unaffiliated third party

FIRST Ship Lease (FSL) Trust announced on Monday (Dec 16) that its wholly owned subsidiary, FSL-1, will be selling the vessel Cumbrian Fisher to an unaffiliated third party.

FSL-1 has entered a memorandum of understanding with the buyer who lodged a 10 per cent deposit in escrow.

Built at Samho in South Korea in 2004, the vessel is a product tanker of 12,921 deadweight tons and has been employed under bareboat charter.

Units in FSL Trust closed flat at S$0.041 before the announcement.

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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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