First Ship Lease Trust (FSL Trust) said it has been shoring up its balance sheet due to market uncertainty during the coronavirus pandemic.
In its quarterly report, the Singapore-listed owner of 17 tankers and boxships said it voluntarily prepaid $2.94m debt in the second quarter as part of its deleveraging efforts.
“Whilst we have seen a very firm tanker market in the first five months of the year…The market has corrected in June 2020 as a...
