The manager of First Ship Lease Trust (FSL) has agreed to sell one 19,970 DWT chemical tanker on Aug 30.
The trust’s wholly-owned subsidiary, FSL-9, has entered into a memorandum of agreement to sell the vessel FSL New York to an unaffiliated third party.
The trust has already received the initial 10% deposit in escrow.
See also: PhillipCapital lowers FSL Trust's TP on tepid tanker market
The vessel was built at Usuki Shipyard in Japan in 2006 and has most recently been trading in the spot market.
Units in FSL closed 0.1 cent lower or 1.27% down at 7.8 cents on Aug 30.
