The Singapore-listed Trust says a leading global commodities trader has hired the 116,000-dwt FSL Shanghai (built 2007) as well as the 47,496-dwt FSL Hamburg (built 2005) and the 47,470-dwt sistership FSL Singapore (built 2006).

Alan Hatton, chief executive of FSL, said: “The new rates are significantly above the current employment rates for the three vessels and the projected revenue will generate significant cash flow for the Trust.

“These