First Ship Lease Trust ("FSL Trust" or the "Trust") is a Singapore-based business trust which owns a diversified fleet of well-maintained product tankers . The current vessel portfolio comprises 8 tankers of different sizes which are chartered to an international shipping company on fixed-rate period charters.

In 2022, approx. 33.3% of the Trust's revenue were derived from fixed-rate period charters. The Trust has contracted future revenues from fixed-rate period charters of US$ 25.6 million and up to US$ 31.4 million including optional periods (extension options or early termination options) as at 31 December 2022. The fixed-rate period charters provide the Trust with stable and predictable long-term cash flows, whilst the vessels employed in the spot market provide flexibility and offer the Trust the opportunity to participate in any market upside.

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.

The units of FSL Trust are listed on the Mainboard of the Singapore Exchange Securities Trading Limited under the ticker symbol 'D8DU'.