FSL chemical tanker offered at second try

Singapore’s First Ship Lease Belief (FSL) has as soon as once more discovered a purchaser for its 15-year-old chemical tanker
FSL London, which couldn’t be offered final yr after its detention in India.

The second time fortunate Japanese-built vessel was offered to an unaffiliated third celebration. FSL acquired the preliminary 15% deposit, however no worth has been revealed for the 19,966 dwt tanker that VeselsValue estimates as price $11.8m. FSL bought the vessel for $45m in 2006.

The FSL London was first offered final September for a reported worth of $10.2m to Singapore-listed Indonesian proprietor Samudera Transport with a time constitution connected. Nevertheless, the deal fell by as a result of delays attributable to Indian authorities’ customs probe into its cargo specs.

Consequently, the corporate claimed damages for the delays attributable to the carriage of the actual cargo loaded by the charterer, the attendant investigations of the cargo, and the vessel being held. The ship was launched earlier this month.

Following the disposal, FSL’s vessel portfolio will comprise 9 product tankers. The corporate has additionally just lately offered its final remaining aframax FSL Hong Kong, marking its exit from the crude oil tanker sector.