- Full Company Name :
- FSL TRUST MANAGEMENT PTE. LTD.
- Incorporated in :
- SINGAPORE
- Incorporated on :
- 19 Mar 2007
- ISIN Code :
- SG1U66934613
- Registered Office :
-
7 Temasek Boulevard #12-10
Suntec Tower One
Singapore 038987
- Telephone :
- 65 68363000
- Fax :
- 65 68366001
- Email :
- investors@firstshiplease.com
- Secretary :
-
Elizabeth Krishnan
Bridget Boyd
- Link to Internet Website :
-
http://www.firstshipleasetrust.com/
-
LISTING
- Listed on 27 March 2007 on SGX Mainboard
-
LISTING BOARD
- MAINBOARD
-
OTHER STOCK EXCHANGE LISTINGS
-
*SINGAPORE EXCHANGE LTD.
-
REGISTRARS / TRANSFER AGENTS & ADDRESS
-
BOARDROOM CORPORATE & ADVISORY SERVICES PTE. LTD.
-
1 Harbourfront Avenue, Keppel Bay Tower, #14-07, Singapore 098632
-
AUDITORS
-
MOORE STEPHENS LLP
First Ship Lease Trust ("FSL Trust") is a business trust established on 19
March 2007 under the Business Trusts Act, Chapter 31A of Singapore. FSL Trust
is managed by its trustee-manager, FSL Trust Management Pte Ltd which is
responsible for safeguarding the interests of Unitholders and for investment
and financing strategies, asset acquisition and disposal policies, and the
overall management of the business of FSL Trust.
The overall objective of FSL Trust is to provide long-term non-tax driven
leasing services across major maritime segments. Specifically, FSL Trust
engages in the business of providing leasing services on a bareboat charter
basis to the international shipping industry, and owns and invests in a
portfolio of lease assets across various sub-sectors of this industry.
FSL Trust’s assets may be leased to international ship operators under
operating leases in the form of bareboat charters, whereby each lessee has
possession of the asset and pays rent to the lessor of the asset for the right
to use the asset. FSL Trust may also lease its assets under finance leases. FSL
Trust’s main objective is to derive a stable income stream from its portfolio
of lease assets.
The lease assets in FSL Trust’s portfolio will comprise long-term bareboat
charters of commercial ocean-going transportation vessels to customers. Upon
the listing of FSL Trust, the initial portfolio of vessels owned by FSL Trust
will comprise four containerships, four product tankers, three chemical tankers
and two dry bulk carriers with an average vessel age of approximately five
years, and bareboat charters with an average remaining term of approximately
nine years (excluding extensions and early buyout options). Moving forward, FSL
Trust intends to seek additional accretive leasing transactions in order to
grow its business.