Damen, Purus Marine Offering Green Financing
Damen Shipyards Group is partnering with Purus Marine, an environmentally focused maritime vessel and infrastructure company established by EnTrust Global for the financing of green shipping projects. The partnership, named DP Lease, aims to support decarbonization of the maritime industry by providing flexible and attractively priced long-term lease financing solutions to solve the financing gap created by additional capital expenditure requirements associated with the purchase of environmentally-advanced vessels.Jan-Willem van Helden…
Tankship Re-delivered to FSL Trust
FSL Trust has taken redelivery of 'MV Aqua', one of the two crude oil tankers previously leased to the subsidiary of Geden Holdings Ltd. The crude oil tankship will be renamed FSL Hong Kong. FSL Trust Management has appointed Thome Ship Management Pte. Ltd. Singapore, as technical manager and Teekay Chartering Limited as commercial manager for FSL Hong Kong and the vessel will commence voyage employment in the spot market shortly. The Trust expects the redelivery of its second crude oil tanker, Action, to take place within July 2013. Further announcements will be made as and when there are material developments in this matter. First Ship Lease Trust ("FSL Trust") is a Singapore business trust that provides lease financing solutions to the maritime industry.
FSL Chairman Quits & Share Trading Suspended
First Ship Lease Trust (FSL) chairman Wong Meng Meng has vacated his posiion & the company admits there were differences in opinion in respect of the conduct of a board meeting. According to the company's website, FSL Trust is a Singapore business trust that provides lease financing solutions to the international maritime industry. FSL Trust currently owns a diversified portfolio of 25 vessels with an average age of seven and a half years. FSL Trust derives stable long-term cashflow primarily through leasing its vessels on long-term bareboat charter basis to international shipping companies. FSL Trust is listed on the main board of the Singapore Exchange and its ADRs are quoted on International OTCQX.
First Ship Lease Trust Gains Time
First Ship Lease Trust ("FSL Trust") is a Singapore business trust that provides lease financing solutions to the international maritime industry. FSL Trust currently owns a diversified portfolio of 25 vessels with an average age of 6.5 years. FSL Trust derives stable long-term cashflow primarily through leasing its vessels on long-term bareboat charter basis to international shipping companies. The relaxation of covenants would be in effect for 12 months until end-June 2013 (the “Relaxation Period”). FSLTM requested for and was granted a temporary relaxation of two loan covenants from its lenders to address potential breaches over the next 12 months.
