First Ship Lease Trust Subsidiary Agrees to Sell Tanker; Shares Surge 5%

MT Newswires

2024/12/16

First Ship Lease Trust's (SGX:D8DU) wholly-owned subsidiary, FSL-1, signed a memorandum of agreement to sell DWT product tanker Cumbrian Fisher to an unnamed buyer, according to a filing with the Singapore Exchange on Monday.

The 12,921 deadweight ton product tanker was built in South Korea and has been employed under bareboat charter.

Shares of the owner of diversified fleet of product tankers were up nearly 5% in recent trading.

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