Tankship Re-delivered to FSL Trust

MarineLink.com
Friday, July 05, 2013

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 Trust is focused on generating predictable cash flow from its portfolio of vessels on long-term bareboat leases that support regular distribution payouts to its unitholders.

FSL Trust is listed on the SGX-ST and its ADRs are quoted on International OTCQX. FSL Trust is managed by FSL Trust Management Pte. Ltd., the Trustee-Manager.

 


Contracts

Matson Orders Two ConRo Ships from NASSCO

Matson Navigation Company, Inc., a subsidiary of container shipper Matson, Inc., has signed a contract with U.S. shipbuilder General Dynamics NASSCO to build two

Weak Freight Rates push Grindrod to H1 loss

Africa's biggest shipping group Grindrod reported a first-half loss on Thursday, pressured by low global growth and declining dry bulk shipping rates but it expects

J.F. Lehman Acquires Oldenburg's Heavy Equipment Group

J.F. Lehman & Company (JFLCO) informs it has signed a definitive agreement with Oldenburg Group Incorporated to acquire its Heavy Equipment Group, including both its defense and mining business units.

Tanker Trends

Hellenic Petroleum Profits Rise on Higher Exports

Hellenic Petroleum, Greece's biggest oil refiner, posted a 20 percent rise in second-quarter core profit on Thursday, with higher exports offseting lower refining margins.

Alfa Laval Launches DuroShell LPG/E Cargo Condenser

With the new Alfa Laval DuroShell plate-and-shell heat exchanger, Alfa Laval aims to strengthen its offering in LPG/E cargo reliquefaction with a construction that

Navy Discovers Malaysian Tanker

Indonesia's navy has found a tanker carrying almost US$400,000 worth of diesel that was taken by its own crew last week due to a commercial dispute, says a report in AFP.

 
 
Maritime Contracts Maritime Standards Navigation Offshore Oil Pipelines Port Authority Salvage Ship Electronics Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0780 sec (13 req/sec)