First Ship Lease Trust (FSL Trust) is aiming to expanding its portfolio beyond tankers to include renewable and energy-related offshore assets.
The Singapore-listed shipowner has said it is challenging to develop a competitive edge in the volatile and cyclical business of owning vessels due to market fragmentation and fierce competition.
The Efstathios Topouzoglou-led company believes that an expansion of the scope of investments allowed under its trust deed may present “significant investment opportunities” for the future growth and sustainability of the business.
