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FSL Trust redeploys vessels for revenue stability in difficult shipping market


Published Jul 24, 2012
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FSL Trust Management Pte. Ltd.

FSL Trust Management Pte. Ltd. (FSLTM), as trustee-manager of First Ship Lease Trust, reported the financial results of FSL Trust for the second quarter ended 30 June 2012 (2QFY12).

FSL Trust recorded a 1.9% (+US$0.5 million) increase in revenue to US$29.2 million compared to the same quarter last year (“2QFY11”). This comprised bareboat charter revenue of US$18.1 million, freight income of US$10.5 million and time charter revenue of US$0.6 million.

Tags: FSL Trust Management Pte. Ltd.




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