Singapore's First Ship Lease Trust (FSL Trust) has secured more profit by extending term coverage for two product tankers.
The company said Golden Stena Baycrest Tankers has stretched existing time charters by a year each for the 20,000-dwt FSL London and FSL New York (both built 2006).
The deal with the Golden Agri-Stena and Bay Crest Management joint venture will see adjusted Ebitda of $4m added to FSL Trust's backlog.
