01 Jun '11, 5pm

FSL Trust: Acquisition.

FSL Trust: Acquisition.

The latest news is an acquisition of a “Long Range II (LR2) product tanker from TORM Singapore, a wholly-owned subsidiary of TORM A/S for US$46 million ($56.7 million)…. The transaction will be immediately cash flow accretive to the trust and will increase the trust’s total remaining contracted revenue to US$602 million, excluding extension options. The average remaining lease term of the trust’s portfolio will also remain at the current 6.8 years.

Full article: http://thefinance.sg/2011/06/02/fsl-trust-acquisition/

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