Singapore: FSL Trust has entered into a time charter agreement with Tesoro Far East Maritime Company, a wholly-owned subsidiary of Tesoro Corporation for the FSL Shanghai, a 115,000 dwt crude oil tanker built in 2007.
The new employment is anticipated to generate approximately $5.7m of headline revenues over the next 12 months. This represents an increase of $1.6m over the previous time charter contract, representing a 40% increase in net revenue year-on-year. [30/06/14]
