FSL Trust Eyes Refinancing for Tanker Duo

CoinsIllustration. Image Courtesy: Pixabay under CC0 Creative Commons license

FSL Trust Management, the trustee-manager of Singapore-based First Ship Lease Trust, is looking to secure refinancing for the Trust’s two chemical tankers, FSL New York and FSL London.

After considering sale or refinancing options, the trustee-manager informed that the company is exploring the refinancing “in view of the current poor market conditions for vessel disposals.”

As such, discussions with banks to refinance the chemical tankers are now in progress.

FSL Trust Management said that the board and management are continuing to pursue a full refinancing of the Trust’s existing loan facilities in order to fully repay current lenders.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Aug 2018 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

TRANSTEC 2018

TRANSTEC 2018 welcomes participants to explore Russian Ports and Shipping development opportunities…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

SMM 2018

This is a must-attend event – a unique opportunity to meet key players, display business strengths, establish new contacts and exchange…

read more >

Defence Safety Conference Supported by The Defence Safety Authority, UK MoD

The Defence Safety Conference is the first of its kind exclusively dedicated to safety across the defence domain…

read more >