First Ship Lease Trust (FSL Trust), a Singapore-listed tanker owner, reported on Thursday a narrow profit for the last quarter of 2021 and expressed confidence it can ride out stubbornly poor freight rates.
Net income at the Efstathios Topouzoglou-controlled company stood at $88,000, compared with a loss of $2.2m in the same period of 2020.
FSL Trust owns nine product tankers, one chemical tanker and an aframax.
