FSL Trust presently has 23 vessels chartered out to eight lessees on long-term bareboat charter basis. The aggregate remaining contracted revenue of these leases stood at approximately US$585.2 million as at 31 December. This translates to annual revenue of about US$98 million till year 2013, before the earliest lease maturity in 2014. However, FSL Trust does not operate a closed-end business model. The Trustee-manager aims to achieve growth and further diversification of FSL Trust’s vessel portfolio via accretive acquisition of vessels with long-term leases.