First Ship Lease Trust (FSLT)

Results

FSL Trust reverses from net loss to report 3QFY2022 net profit of US$5.4 mil

The trust has contracted future revenue of up to US$30 million.

Company in the news

Markus Wenker resigns as CFO of First Ship Lease Trust's trustee-manager

Wenker will be joining Yinson Production Offshore as CFO.

Company in the news

FSL to sell crude oil tanker, FSL Hong Kong

FSL Hong Kong has most recently been trading in a revenue-sharing agreement.
FSL to sell one chemical tanker - THE EDGE SINGAPORE

Company in the news

FSL to sell one chemical tanker

The trust has already received the initial 10% deposit in escrow.
PhillipCapital lowers FSL Trust's TP on tepid tanker market - THE EDGE SINGAPORE

Broker's Calls

PhillipCapital lowers FSL Trust's TP on tepid tanker market

However, the brokerage has raised its DPU estimates by 56.7%.

Results

FSL Trust declares DPU of 2 US cents in 1Q21

Shares in FSL Trust closed 0.1 cent higher or 1.1% up at 9 cents on April 23.
FSL Trust to sell product tanker - THE EDGE SINGAPORE

Offshore & Marine

FSL Trust to sell product tanker

A memorandum of agreement has been entered to sell the vessel FSL Osaka.
FSL Trust to sell two LR2 product tanker newbuildings  - THE EDGE SINGAPORE

Offshore & Marine

FSL Trust to sell two LR2 product tanker newbuildings

FSL Trust says it has received the initial 15% deposit in escrow.

Serial System's chairman Derek Goh loads up after being cleared in Taiwan probe

Derek Goh, executive chairman of Serial Systems, bought 1.5 million shares on the open market for $106,500 on June 2, which works out to an average of 7.1 cents per share. A day earlier and on May 4, Goh had acquired 5.2 million shares for $365,144 and 12

Global Economy

Trump signals more uncertainty with 'what’s up here'; economists trim Singapore GDP forecast

SINGAPORE (June 17): US President Donald Trump is not letting up on his threats to hit China with a new set of tariffs as talks between the two economic giants show scant signs of progress. China, on the other hand, did not give a clear indication if Pres
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