First Ship Lease Trust ("FSL Trust" or the "Trust")
is a Singapore-based business trust which owns a
fleet of vessels across major shipping sub-sectors.
FSL Trust presently has a diversifled portfolio of
22 modern and high quality oceangoing vessels
comprising containerships and a variety of tankers.
Of these, 12 vessels are leased to international
shipping companies on long-term bareboat charters.
The remaining 10 vessels are employed on shortterm
time charters or in pools.
The bulk of the Trust's revenue is derived from the
rentals received from flxed-rate bareboat charters.
The fixed-rate charters provide the Trust with stable
and predictable long-term revenue and cash flow,
while the vessels employed on market-rate charters
allow the Trust to position the business to beneflt
from positive market developments.
FSL Trust is managed by FSL Trust Management Pte.
Ltd. ("FSLTM"), the Trustee-Manager. The Trustee-
Manager is responsible for safeguarding the interests
of unitholders and for FSL Trust's investment and
financing strategies, asset acquisition and disposal
policies, and the overall management of FSL Trust's
portfolio. The Trustee-Manager aims to optimise the
returns on the Trust's vessel portfolio by ensuring
that the vessels are well run, managing the various
risks and opportunities of the Trust and improving
cash flow generation for unitholders of the Trust.
FSL Trust (D8DU) is listed on the Mainboard of the
Singapore Exchange Securities Trading Limited