Singapore’s First Ship Lease Trust (FSL Trust) has posted a first-half profit of just $1.37m.

This was $444,000 down on a year ago, when it was boosted by vessel disposals.

The company’s product tanker fleet comprises the 12,921-dwt Cumbrian Fisher (built 2004), 12,984-dwt Clyde Fisher (built 2005), 4,426-dwt Speciality and Seniority (both built 2006) and Superiority (built 2007), 5,421-dwt Shannon Fisher and Solway Fisher (both built 2006) and 9,596-dwt Pelican Fisher (built 2008).