AsiaFinance and InsuranceTankers

FSL refinances five product tankers as its banks $500,000 from LR2 resale deal

Singapore’s FSL Trust has sealed the refinancing of five product tankers with a Taiwanese financial institution.

The trust has refinanced Cumbrian Fisher, Clyde Fisher, Shannon Fisher, Solway Fisher, Seniority and Superiority in a deal which sees FSL receive $15m under the new five-year loan.

FSL also announced that it has completed a transaction announced last month, where it sold LR2 product tanker newbuildings FSL Suez and FSL Fos. The pair were sold to Libya’s General Maritime Transport Company for $103.8m in a deal which saw FSL bank a profit of $500,000 after all costs associated with the construction of and sale of the vessels.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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