Tanker owner First Ship Lease Trust (FSL Trust) managed to stay in the black so far this year, as fixed-rate period charters helped it overcome a lacklustre spot market.
The Singapore-based company announced on Tuesday a thin profit of $543,000 for the second quarter, down from $1.33m in the same period last year.
Net income for the entire first half of 2021 dropped to $879,000 from the $8m profit the company had posted between January and June 2020.
