First Ship Lease Trust ("FSL Trust") is a Singapore-based business trust that provides long-term lease financing across major shipping sub-sectors. FSL Trust currently owns a diversified portfolio of 23 vessels with an average age of eight* years. The vessels owned by FSL Trust are leased on long-term fixed-rate bareboat charters and short-term time charters. FSL Trust is listed on the main board of the Singapore Exchange and its ADRs are quoted on International OTCQX.
* As at 31 March 2014, based on a dollar-weighted average basis by net book value. Excludes extension and early-buyout options.