First Ship Lease Trust ("FSL Trust" or the "Trust") is a Singapore-based business trust which owns a fleet of vessels that are chartered or leased across major shipping sub-sectors. FSL Trust presently owns a diversified portfolio of 22 modern and high quality oceangoing vessels comprising containerships and a variety of tankers. Of these, 12 vessels are leased to international shipping companies on long-term bareboat charters. The remaining 10 vessels are employed on short-term time charters or in pools. On 30 November 2015, the Trust announced that it had completed the acquisition of a 2007, Japanese-built, MR product tanker, FSL Osaka. The vessel was purchased for US$21.8 million, financed through existing cash reserves. FSL Trust is listed on the main board of the Singapore Exchange and its ADRs are quoted on International OTCQX.