First Ship Lease Trust ("FSL Trust" or the "Trust") is a Singapore-based business trust which owns a diversified fleet of well-maintained, oceangoing tankers across different segments. The current vessel portfolio comprises 11 tankers of different sizes. Of these, 8 vessels are chartered to international shipping companies on fixed-rate period charters, whilst the other 3 vessels are employed in the spot market or revenue sharing agreements.

As at 31 March 2022, the Trust has contracted revenue from fixed-rate period charters of up to approximately US$33.8 million. The fixed-rate period charters provide the Trust with stable and predictable long-term cash flow, while the vessels employed in the spot market or revenue sharing agreements provide the Trust with flexibility and opportunity to participate in any potential market upsides.

FSL Trust is managed by FSL Trust Management Pte. Ltd. ("FSLTM" or the "Trustee-Manager"). The Trustee-Manager is responsible for safeguarding the interests of Unitholders and for FSL Trust's investment and financing strategies, asset acquisition and disposal policies, and the overall management of the Trust's portfolio. The Trustee-Manager aims to optimise the returns on the Trust's vessel portfolio by ensuring that the vessels are well run, managing the various risks and opportunities of the Trust and improving cash flow generation for the Unitholders of the Trust.

FSL Trust (D8DU) is listed on the Mainboard of the Singapore Exchange Securities Trading Limited (SGX-ST).