A refund arising from the axed charters of two ships which were arrested and released saved First Ship Lease (FSL) Trust from going into the red in the third quarter.



The unexpected early redelivery of the products tanker pair by Groda Shipping hurt revenues in the period for the Singapore-listed owner.

Philip Clausius.

Groda handed back the 47,500-dwt Verona I and the 47,300-dwt Nika