FSL Trust in discussions to refinance chemical tanker pair

FSL Trust in discussions to refinance chemical tanker pair

Singapore shipping trust FSL Trust Management says it is currently in negotiations with banks regarding the refinancing of chemical tankers FSL New York and FSL London.

The company had been considering either the sale or refinancing of the vessels, and decided to opt for refinancing in view of the current poor market conditions for chemical tankers.

FSL Trust said it is continuing to pursue a full refinancing of the trust’s exisiting loan facilities in order to fully repay current lenders. In February, Greek shipowner Prime Tanker Management took a controlling take in the trust from German bank HSH.

FSL Trust currently operates a fleet of 19 vessels comprising 16 tankers and 3 boxships.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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