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.