FSL Trust Management to sell product tanker

It will be sold to an unaffiliated third party who lodged a 10% deposit in escrow.

FSL Trust Management’s subsidiary, FSL-2, Inc., has entered into a memorandum of agreement to sell its 12,984 deadweight tonnage product tanker built in South Korea.

The vessel, Clyde Fisher, will be sold to an unaffiliated third party who lodged a 10% deposit in escrow.

Details of the disposal under Chapter 10 of the Listing Manual of the Singapore Exchange will be disclosed upon completion.

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