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) said Monday it has completed the disposal of the vessel FSL Hong Kong to unrelated third party Hanwang (Hong Kong) Trade Co. for US$19.5 million.

An independent third party ship-broker had valued the vessel at US$19 million as of 9 May, while the net book value was around US$16.8 million, the trust said in a filing to SGX.