FSL Ship Lease Trust (FSL Trust), a Singapore-based owner of eight tankers, has banked a profit of $5m after selling its biggest ship.

A deal for the 47,500-dwt MR vessel FSL Singapore (built 2006) was signed in August by the Efstathios Topouzoglou-led company, but no price or buyer was revealed.

Now FSL Trust has said the ship has been delivered to a company called Waterside International Maritime, which is registered in Liberia and is not listed with any other ships.