FSL cashes in on another veteran product tanker

AI Summary

Singapore-listed First Ship Lease Trust has agreed to sell the 2006-built product tanker Speciality to an unrelated buyer. The sale continues a broader fleet-reduction effort by the trust, which has disposed of several vessels in recent years.

Singapore-listed First Ship Lease Trust (FSL) has agreed to sell another ageing product tanker, continuing a series of disposals that has reduced its fleet over recent years. The trust said in a filing that subsidiary FSL-14 had struck a deal to sell the 2006-built Speciality to an unrelated buyer. The 4,426 dwt tanker was built …