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 which are chartered to an international shipping company on fixed-rate period charters.
As at 30 September 2022, the Trust has contracted future revenue from fixed-rate period charters of up to approximately US$30.0 million, including optional periods, which provide the Trust with stable and predictable long-term cash flow.
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).
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