FSL Trust offloads product tanker

Singapore’s FSL Trust Management has sealed a deal to sell its 2007-built MR product tanker FSL Osaka.

The vessel, which has most recently been operating in a Hafnia pool, has been sold to an unaffiliated third party. FSL did not reveal the buyer or the price it was sold for, however according to VesselsValue the sale price is $11.3m which is slightly below its valuation of $11.51m.

FSL said it will reveal further details on completion of the deal. The company had acquired the ship from Japan’s NYK Line for $21.8m in 2015.

Earlier this week, FSL announced that it made a $500,000 profit on the $103.8m sale of two newbuild LR2 tankers to Libyan company General Maritime Transport Company.

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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