Singapore-listed First Ship Lease Trust has revealed that it has entered into an agreement to sell one of two small chemical tankers that were earlier earmarked for disposal at the conclusion of their long-term charters set to expire this year.
The trust said in a regulatory filing on Monday that entered into a memorandum of agreement to sell the 12,900-dwt chemical tanker Cumbrian Fisher (built 2004) to an unaffiliated third party who has lodged a 10% deposit in escrow.
