About - First Ship Lease Trust

FSL Holdings Pte. Ltd. is the Sponsor of FSL Trust and currently holds an interest of about 24% in the Trust. FSL Trust Management Pte. Ltd., the trustee-manager is a subsidiary of FSL Holdings Pte. Ltd.

The Sponsor traces its heritage back to the incorporation of its predecessor, First Ship Lease Ltd. in Bermuda, September 2002. First Ship Lease Ltd. was set up as a commercial finance company with operations based in New York, to provide long-term non-tax driven operating and finance leases to shipping and industrial companies through vessel-owning SPCs. On recognising Asia’s growth potential and opportunity for ship leasing business, First Ship Lease Ltd. relocated its head office to Singapore in August 2005. Upon relocation, First Ship Lease Ltd. was renamed First Ship Lease Pte. Ltd and subsequently FSL Holdings Pte. Ltd. in 2008.

The sole shareholder of the Sponsor is owned by Godan GMBH, which is wholly-owned subsidiary of international ship financer HSH Nordbank.

HSH Nordbank AG
HSH Nordbank AG is a leading German bank headquartered in Hamburg and Kiel in northern Germany and has offices located throughout Europe, USA and Asia. HSH Nordbank is a leading provider of specialist finance for corporate, investment and equity funds and financial institutions. HSH Nordbank is also the world’s leading provider of ship finance and a top provider of finance for wind and solar-energy projects in Europe. HSH Nordbank AG was established on June 2, 2003 as a result of the merger between Hamburgische Landesbank and Landesbank Schleswig-Holstein (LB Kiel).