Fsl Holdings Pte News

Singapore's First Ship Lease Trust (FSL Trust) has announced the suspension of trading in its shares pending an announcement to clarify lenders' position in relation to a covenant waiver or relaxation for 30 September 2013. First Ship Lease Trust ("FSL Trust") was constituted as a business trust in Singapore on 19 March 2007 under the Business Trusts Act and listed on the main board of the Singapore Exchange Securities Trading Limited on 27 March 2007. Its American Depository Receipts are quoted on OTCQX since 29 October 2008. The Sponsor of FSL Trust is FSL Holdings Pte. Ltd.

First Ship Lease Trust (FSL) request halt to trading on exchange from 0830, July 1, 2013, pending a Board of Director's announcement. According to the company's web site: First Ship Lease Trust ("FSL Trust") was constituted as a business trust in Singapore on 19 March 2007 under the Business Trusts Act and listed on the main board of the Singapore Exchange Securities Trading Limited on 27 March 2007. Its American Depository Receipts are quoted on OTCQX since 29 October 2008. The Sponsor of FSL Trust is FSL Holdings Pte.Ltd . FSL Trust’s business focuses on long-term bareboat leasing from which it derives stable long-term cash flow. The Trust has a diversified portfolio of 25 modern and high quality vessels…

FSL Trust Management Pte. Ltd. (FSLTM), as trustee-manager of First Ship Lease Trust (FSL Trust), has announced the appointment of Michael J. Oliver to its Board of Directors. Mr. Oliver has more than 40 years of international experience in the banking and financial services industry. He joined the London Branch of Commerzbank AG in 1986 and served as its Regional Board Member for Asia Pacific in Singapore from 2001 to 2005 before his retirement. As Regional CEO, he was responsible for Commerzbank branches in Hong Kong, Shanghai, Singapore and Tokyo as well as its merchant banking subsidiaries and corporate banking business in the Asia Pacific Region. Before joining Commerzbank, Mr.

FSL Trust Management Pte. Ltd. (FSLTM), as trustee-manager of First Ship Lease Trust (FSL Trust), announced the appointment of Mr. Simon Davidson and Mr. Timothy James Reid to its Board of Directors. Simon Davidson joins the Board of FSLTM as independent and non-executive director. He is a partner at Holman Fenwick Willan in Singapore and has practiced in the areas of shipping, commodity and other litigation in the High Court in London, the High Court in Hong Kong and in arbitration in London, Hong Kong, Singapore and numerous other jurisdictions over a period of nearly three decades. Timothy James Reid will serve as non-independent and non-executive director on the Board of FSLTM. He is currently a Director of FSL Holdings Pte. Ltd., the sponsor of FSL Trust. Mr.

Singapore  - FSL Trust Management Pte. Ltd. (FSLTM), as trustee-manager of First Ship Lease Trust (FSL Trust), announced that it has reached an agreement to charter its vessel, ‘FSL Singapore,’ to Petròleo Brasileiro S.A. (“Petrobras”) on a three-year time charter contract. The vessel is expected to be deployed on the time charter within the second quarter of 2012. ‘FSL Singapore’ is a 47,470 dwt product tanker which is currently deployed in the spot market. The product tanker will be chartered to Petrobras, based on a gross daily charter rate of $14,000 per day for a period of three years, subject to clearance of the physical inspection of the vessel at its next discharge port.