FSL Trust's vessel portfolio comprises 19 vessels and it is diversified across four shipping sub-sectors, namely crude oil tankers, product tankers, chemical tankers and containerships.

Vessels on Bareboat Charter

Currently, 10 vessels are leased to international shipping companies on long-term bareboat charters. The lease term of each charter is at least 5 years at inception and all lease transactions are structured on "hell-and-high water" basis, the tightest contractual standard in the maritime industry.

Vessels on Time Charter

FSL Trust's chemical tankers, namely FSL New York and FSL London, are currently employed on time charters with Golden-Agri Stena. Both vessels commenced their time charters in June 2018.

Vessels trading in Spot Market

FSL Trust's Long Range II (LR2) tankers, namely FSL Piraeus and FSL Perth, are deployed in the spot market under commercial management by Heidmar.

Vessels in MR Product Tanker Pool

FSL Trust's MR product tankers, FSL Hamburg, FSL Singapore and FSL Osaka are deployed in the Hafnia MR Pool managed by Hafnia Management A/S.

Vessels in Revenue Sharing Agreement

FSL Trust's aframax crude oil tankers, FSL Hong Kong and FSL Shanghai, are employed under Teekay's Revenue Sharing Agreement (RSA) Aframax Pool.