First Ship Lease Trust Completes Disposal of Vessel; Shares Up 7%

MT Newswires

2025/02/21

First Ship Lease Trust (SGX:D8DU) completed the delivery of vessel Clyde Fisher to an unaffiliated third party, according to a filing with the Singapore Exchange on Thursday.

The gross consideration paid for the vessel was $7.0 million, the Singapore-based business trust which owns a diversified fleet of well-maintained product tankers, said.

The vessel is a 12,984 deadweight tonnage product tanker built in South Korea in 2005 and has been employed under bareboat charter.

Shares of the company were up nearly 7% in recent trading.

Price (SGD): S$0.05, Change: S$+0.0030, Percent Change: +6.82%

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