FSL Trust: Reports Continued Net Positive Cash Generation But Has Taken Further Impairment Charges.

8 Nov 2017 - ShareInvestor Express
First Ship Lease Trust reported revenue of US$18.7 million for 3QFY17, registering a year-on-year decrease of 18.5% compared to US$22.9 million reported in 3QFY16. The decline in revenue is mainly due to softening rates across all shipping markets, which weighed on earnings from LR2 tankers, aframax ...
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FSL Trust: Reports Net Positive Cash Generation, Impairment Charge Taken To Reflect Market Conditions.

3 Aug 2017 - ShareInvestor Express
First Ship Lease Trust reported revenue of US$20.9 million for 2QFY17, registering a year-on-year decrease of 17.4% compared to US$25.3 million reported in 2QFY16. The decline in revenue is attributable to the dry-docking of two crude oil tankers in 2QFY17 and softening rates across all shipping markets, ...
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First Ship Lease Trust's manager sues former CEO for breach of duties

5 Jul 2017 - Business Times Breaking News
THE trustee-manager of First Ship Lease Trust said on Wednesday it has issued a writ of summons to its former chief executive officer, Alan Hatton, for breach of his duties owed to the company and its holding company, FSL Asset Management."The company will keep its unitholders informed on material developments," ...
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Stocks to watch: StarHub, Sembcorp, FSL Trust

4 May 2017 - Business Times Breaking News
STARHUB: Despite revenue inching up in the first quarter, StarHub's net profit fell more than a fifth for the three months ended March 31, 2017. Sembcorp Industries: It will be undertaking a strategic review of its business, its new chief executive officer Neil McGregor said on Wednesday as the firm ...
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FSL Trust Q1 distributable income slips into negative territory

3 May 2017 - Business Times Breaking News
DISTRIBUTABLE income for First Ship Lease (FSL) Trust slipped into negative territory despite an increase in first quarter profit. Income available for distribution was negative US$18.26 million for Q1, a reversal from a positive US$5.44 million for the year-ago period. This was mainly due to a US$20 ...
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FSL Trust: Records Profitable 1Q17 Operations, Net Profit & Continued Positive Net Cash Generation, Roger Woods Confirmed As Chief Executive Officer.

3 May 2017 - ShareInvestor Express
First Ship Lease Trust reported a net profit of US$3.4 million for the three months ended 31 March 2017, compared to US$2.3 million reported in 1QFY16. This positive result was achieved despite challenging industry conditions and a 17.7% decline in revenue to US$21.9 million for 1QFY17, compared with ...
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Stocks to watch: Sabana Reit, First Ship Lease Trust, Noble Group

2 May 2017 - Business Times Breaking News
SABANA Reit: The trust's unitholders on Friday overwhelmingly voted against removing its underperforming Reit manager and winding up the Reit vehicle. First Ship Lease Trust: The shipping trust has got a lifeline from Navios Maritime Holdings, involving a mix of equity and debt financing. This includes ...
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Navios throws troubled FSL Trust a lifeline

28 Apr 2017 - Business Times Breaking News
NAVIOS Maritime Holdings Inc has extended financially troubled First Ship Lease Trust a lifeline comprising a mix of equity and debt financing for the shipping trust and its affiliates. Navios has agreed under a term sheet entered into with the trustee manager of FSL Trust on April 28, 2017, to extend ...
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FSL Trust: Announces Agreement To Extend Bareboat Charters For 3 Vessels.

25 Apr 2017 - ShareInvestor Express
First Ship Lease Trust announces a new agreement for the extension of bareboat charters for the three vessels, Speciality, Superiority and Seniority, 2006 built and 2007 built, each approximately 4,426 DWT...
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FSL Trust: FSL Hong Kong Enters Teekay Revenue Sharing Agreement.

18 Apr 2017 - ShareInvestor Express
First Ship Lease Trust has agreed to employ the vessel FSL Hong Kong, a 115,000 DWT Aframax crude oil tanker, post dry docking, in the Teekay Group Revenue Sharing Agreement. This agreement continues the Trust's relationship with Teekay, which started back in 2013...
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