First Ship Lease Trust ("FSL Trust" or the "Trust") is a Singapore-based business trust which owns a fleet of vessels across major shipping sub-sectors. FSL Trust presently has a diversified portfolio of 18 well-maintained vessels comprising containerships and a variety of tankers. Of these, 10 vessels are leased to international shipping companies on long-term bareboat charters. 8 vessels are employed on short-term time charters or in pools. On 28 February 2018, the Trust announced that Prime Shareholdings Inc., an affiliate of Prime Tanker Management Inc. ("Prime"), had completed the sale and purchase agreement to become the sole shareholder in FSL Holdings Pte Ltd. Following the acquisition, Prime is presently the controlling unitholder of FSL Trust. FSL Trust is listed on the main board of the Singapore Exchange.