On June 1, the manager of First Ship Lease Trust (FSL) decided to sell the FSL Hong Kong, a 115,000 DWT crude oil tanker as reported by The Edge.
MoU to sell
FSL-23, the trust’s wholly-owned subsidiary, has signed a memorandum of understanding to sell FSL Hong Kong to an unaffiliated third party who has put down a 20% deposit in escrow.
FSL Hong Kong was built in South Korea by Samsung Heavy Industries in 2007 and has been trading in a revenue-sharing agreement since then.
On June 1, FSL units closed 0.2 cents down, or 3% lower, at 6.5 cents.
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Source: The Edge
