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FSL Trust
D8DU.SG
First Ship Lease Trust, a business trust, owns a fleet of product tankers in Europe. It involved in leasing and chartering vessels in international waters. As of December 31, 2024, the company’s vessel portfolio included 7 small product tankers operating under fixed-rate period charters. First Ship Lease Trust was incorporated in 2007 and is based in Singapore.
1.224 B
D8DU.SGMarket value -Rank by Market Cap -/-

Financial Score

21/11/2025 Update
C
Marine TransportationIndustry
Industry Ranking4/7
Industry medianC
Industry averageC
Score Analysis
Peer Comparison
  • Criteria
    Rating
  • Profit ScoreA
    • ROE25.40%A
    • Profit Margin117.29%A
    • Gross Margin62.70%A
  • Growth ScoreC
    • Revenue YoY-15.60%E
    • Net Profit YoY161.01%A
    • Total Assets YoY2.00%C
    • Net Assets YoY21.52%A
  • Cash ScoreD
    • Cash Flow Margin85.26%C
    • OCF YoY-15.60%E
  • Operating ScoreD
    • Turnover0.19D
  • Debt ScoreA
    • Gearing Ratio6.06%A

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Institutional View & Shareholder

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    News
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    FSL Trust posts $11m net profit in 2024

    FSL Trust reported a net profit of $11.2 million for the full year 2024, up from $5 million in 2023. The second half of 2024 saw a net profit of $9.3 million, compared to $2.6 million in the same period last year. Adjusted EBITDA for the year was $8.8 million. The trust has contracted future revenue of $22.3 million from its seven vessels. Chairman Stathis Topouzoglou noted that vessel prices remain firm but may soften.

    Singapore Business Review·
    SG
    D8DU
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    Singapore Business Review·
    SG
    D8DU
    0.00%

    FSL Trust unit offloads Cumbrian Fisher chemical tanker

    The vessel is sold to an unrelated third party.First Ship Lease (FSL) Trust unit FSL-1, Inc. has entered into a memorandum of agreement to sell the vessel Cumbrian Fisher to an unaffiliated third party who lodged a 10% deposit in escrow.The vessel is a 12,921 deadweight tonnage (DWT) chemical tanker built at Samho in South Korea in 2004 and has been employed under bareboat charter.Details of the disposal will be disclosed upon the completion of the transaction.

    Singapore Business Review·
    SG
    D8DU
    0.00%
    Singapore Business Review·
    SG
    D8DU
    0.00%