SG brief: First Ship Lease Trust

An aerial view of ships at Singapore's port. Photo by Shawnanggg on UnsplashAn aerial view of ships at Singapore's port. Photo by Shawnanggg on Unsplash

First Ship Lease Trust (FSL Trust) has entered a memorandum of agreement to sell the vessel FSL Hong Kong to an unrelated third party, the trust said in a filing to SGX Wednesday.

The third party has lodged a 20 percent deposit on the vessel, which is a 115,000 DWT crude oil tanker built by Samsung Heavy Industries in South Korea in 2007, the filing said.

Most recently, the vessel has been trading in a revenue sharing agreement, FSL Trust said.