FSL Trust secures time charter with Tesoro

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]

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