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41-60 of 210
big gap to close to 60 range? 
FSL TRUST COMPLETES DISPOSAL OF ONE PRODUCT TANKER
The net book value and the net tangible asset (&ldquo NTA&rdquo ) value of the Vessel upon Disposal was approximately US$4.34 million (unaudited). After taking into consideration the cost of the Disposal (including brokerage commissions and legal fees), the Trust realised a net gain of approximately US$2.29 million (unaudited) and net sales proceeds of approximately US$6.63 million (unaudited), which are intended to be used for general corporate purposes of the Trust.
The net book value and the net tangible asset (&ldquo NTA&rdquo ) value of the Vessel upon Disposal was approximately US$4.34 million (unaudited). After taking into consideration the cost of the Disposal (including brokerage commissions and legal fees), the Trust realised a net gain of approximately US$2.29 million (unaudited) and net sales proceeds of approximately US$6.63 million (unaudited), which are intended to be used for general corporate purposes of the Trust.
watch it. dyodd
shipping rates going up??? good potential? dyodd
FSL Trust reports a net profit of US$ 1.9 million for the 2nd half year 2023 and declares a distribution of 1.50 US cents
https://links.sgx.com/1.0.0/corporate-announcements/PII76Y8WIM682C6S/786269_20240702_2HFY23%20and%20Full%20Year%20Press%20Release.pdf
https://links.sgx.com/1.0.0/corporate-announcements/PII76Y8WIM682C6S/786269_20240702_2HFY23%20and%20Full%20Year%20Press%20Release.pdf
This one also shipping like Samudera
Anyone still holding this counter?
I am looking to buy at low
I am looking to buy at low
Any dividened ?
Warrenz ( Date: 28-Jul-2023 08:56) Posted:
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Results on 03 Aug , any idea if there is any dividend payout
No distribution has been recommended by the Board for the fourth quarter of 2022.
https://links.sgx.com/1.0.0/corporate-announcements/AL3E1W22W4FTKGDN/746478_20230213_4QFY22%20and%20Full%20Year%20Financial%20Statements.pdf
https://links.sgx.com/1.0.0/corporate-announcements/AL3E1W22W4FTKGDN/746478_20230213_4QFY22%20and%20Full%20Year%20Financial%20Statements.pdf
AlanKoh ( Date: 17-Feb-2023 13:59) Posted:
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Any good new on Dividend?
Result out next week. Any round of dividend coming
dividend coming? volume n price up these few days...
1.6 us cents dividend 🙂
Can foresee a huge dividend coming again. Best dividend play.
newbiexpert ( Date: 02-Jun-2022 06:40) Posted:
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Singapore&rsquo s First Ship Lease Trust (FSL) is exiting the crude oil tanker sector with the sale of its last remaining aframax.
The company&rsquo s subsidiary has struck a deal with an unaffiliated third party to offload the 2007-built FSL Hong Kong.
According to VesselsValue data, the 115,000 dwt ship built at Samsung Heavy Industries in South Korea was sold to unknown Chinese buyers for $19.4m. FSL said the buyer has lodged a 20% deposit in escrow.
The FSL Hong Kong has been deployed in a revenue-sharing deal since April 2017 and entered spot trading in July last year.
Following the disposal, FSL&rsquo s vessel portfolio will comprise 10 units, of which nine product tankers and one chemical tanker FSL London.
https://splash247.com/fsl-offloads-last-aframax/
Cant find any thing about oil in their site.
Are they doing coconut oil? or vegetrable oil.
Are they doing coconut oil? or vegetrable oil.
Maller ( Date: 07-Mar-2022 13:27) Posted:
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First Ship Lease Trust turns a profit of US$88,000 in Q4, FY2021 DPU up 16.7%
THE manager of First Ship Lease (FSL), in its interim consolidated financial statement issued on Thursday (Feb 3), reported a net profit of US$88,000 for the fourth quarter ended Dec 31, 2021.
This is an improvement from the net loss of US$2.2 million it reported a year ago. In Q4 2020, the trust reported an impairment on vessels of S$3.1 million.
Revenue in Q4 2021 fell 27.7 per cent year on year to US$4.9 million.
On the whole, financial year 2021 saw a net loss of US$1.5 million, compared with a net profit of US$6.2 million a year ago. Revenue for FY2021 fell 48.3 per cent to US$25 million.
The manager attributed last year' s loss to the weak tanker market environment, which affected the trust' s vessels operating in pools and the spot market there were also non-cash impairments of US$2.7 million.
Distribution per unit for FY2021 was 3.5 US cents, compared with 3 US cents in the previous year.
" While we have seen a slight improvement in freight rates for the tanker sizes relevant to the trust towards year-end and in January 2022, the winter season has disappointed with unsatisfactory freight rates so far weighing on our results," said the manager' s chief executive Roger Woods.
However, he said the small profit in Q4 came from the majority of its vessels operating under fixed-rate period charters and the low leverage of its fleet.
With 8 vessels operating under fixed-rate period charters as at end-December, the trust has contracted revenue of US$28.6 million, which is more than double the net debt of US$13.2 million, following the closing of the refinancing of the recently acquired vessel Pelican Fisher in October 2021, the manager said.
This means the uncertainties surrounding the near-term tanker market environment primarily affect 3 vessels out of the 11 in the trust' s portfolio, the manager said.
The manager added that it remains cautious in its near-term forecast for the tanker markets amid uncertainties from the Covid-19 pandemic.
" This would continue to impact essential demand factors for oil and oil products such as global aviation, as well as the timing and pace of an increase of oil production and a full market recovery to pre-pandemic levels," the manager said.
" The supply fundamentals show positive signs for the medium- and long-term as contracting of tanker newbuildings remains subdued amid technological uncertainties surrounding environmental regulations which, in combination with the ageing of the active fleet, is expected to provide supportive supply fundamentals in the medium-term," it added.
First Ship Lease Trust turns a profit of US$88,000 in Q4, FY2021 DPU up 16.7%
$0.08 cleared !