accumulate some first....gd ship
http://infopub.sgx.com/FileOpen/20151026_FSL%20Trust%20grows%20fleet%20with%20cash%20acquisition%20of%20MR%20tanker.ashx?App=Announcement& FileID=374829
" The vessel is expected to be delivered to the Trust between 1 November 2015 and 31 January 2016, and is intended to be employed in the spot market through a first class commercial manager. FSLTM expects this to deliver an annual cash-on-cash yield of 14.5% based on a conservative TCE of US$16,500 per day over the next three years. Upon delivery of the vessel, FSL Trust&rsquo s fleet will stand at 24 vessels, comprising seven containerships, 12 product tankers, three chemical tankers and two crude oil tankers. "
 
 
granto ( Date: 26-Oct-2015 10:22) Posted:
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FSL Trust acquires second-hand tanker:  http://splash247.com/fsl-trust-acquires-second-hand-tanker/
FSL Trust seals $61m triple charter deal:  http://splash247.com/fsl-trust-seals-61m-triple-charter-deal/
Any news when  the shares will be suspended for  consolidation and how long is the process  ?? Pls advise ,, thankyou
ariesa_ohm ( Date: 29-Apr-2015 10:16) Posted:
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No dividends till 2Q 2016 earliest.
think2profit ( Date: 15-Apr-2015 10:07) Posted:
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Clear 16c!
think2profit ( Date: 09-Apr-2015 21:38) Posted:
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Getting stronger and stronger
Now BBs are accumulating at higher level. As there is more and more awareness of the turnaround, we may see a strong spike up above 20c in due time.
uchihaclan ( Date: 04-Feb-2015 18:04) Posted:
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Recent article on FSL:
Uchihaclan,
There are more and more signs showing turnaround. We may see a strong gap up due to re-rating that can happen any times. 
uchihaclan ( Date: 04-Feb-2015 18:04) Posted:
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http://teekaytankers.com/About-the-Tanker-Market/Current-Tanker-Rates-Tanker-Market-Update/default.aspx
Long Range 2 (LR2) product tanker spot rates also strengthened during the third quarter, with August rates averaging the highest level since December 2009. LR2 rates have been supported by high levels of Asian naphtha imports from the West coupled with an increase in long-haul product exports from new refineries in the Middle East and Asia. A reduction in global oil prices in recent weeks has also been positive for the LR2 trade, as lower naphtha prices in relation to liquefied petroleum gas (LPG) has led some petrochemical plants to process more naphtha instead of LPG.
 
Product tankers
  &rdquo Clean products&rdquo refer to light, refined oil products such as jet fuel, gasoline and naphtha. These products are usually carried in clean, coated tanks. &rdquo Dirty products&rdquo include heavy oils such as crude oil or refined oil products such as fuel oil, diesel oil or bunker oil. If a product tanker carries &ldquo dirty products&rdquo , it will require particularly thorough cleaning if the vessel is subsequently to transport &ldquo clean products&rdquo .
  Product tankers are characterised by having coated tanks to prevent corrosion from the refined products and to facilitate cleaning of the tanks. Especially for the transportation of &rdquo clean products&rdquo , there are strict requirements that the tanks must be completely clean before a new product is loaded, because the products must have as high a degree of distillation as possible. Furthermore, to ensure as clean a product as possible, the oil companies often stipulate which type of products the tanker must recently have transported.
earlybird14 ( Date: 05-Feb-2015 10:42) Posted:
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Am pleasantly surprised by its strength. We may see the next push soon.
4Q FY2014 report should be out soon, I guess? 30 Oct was 3Q FY2014...those who bought at 10+cents in Jan really got a bargain (so far)!
http://www.lloydslistintelligence.com/llint/tankers/baltic-index.htm%3Bjsessionid=8FF4A6F258D47F755EF8129728A4405C
Baltic Tanker Dirty Index pick up from the downtrend due to contango demand.
Baltic Tanker Clean Index downtrend is continue due to end of winter stocking.
FSL only has 2 Crude Tanker. 11 product tankers rate are falling sharply. Container Vessel stay flat.
May be time to take profit.
Poor thin volume now. Must break 0.14 with volume to bring it to the next level of trading range, otherwise...
So won' t touch it now
keep in watchlist... but 20c abit far away?
think2profit ( Date: 04-Feb-2015 11:44) Posted:
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