28 May '17, 3pm

Differences Between First Ship Lease Trust and Rickmers Maritime: For investors in First Ship Lease Trust (FSL),…

For investors in First Ship Lease Trust (FSL), the question at the top of investors’ minds is: will FSL go the way of Rickmers Maritime and be wounded up? This is my third time investing in FSL and the previous 2 attempts have ended in major losses. I certainly do not wish to lose money on it a third time, which explains this series of blog posts on shipping trusts. Rickmers is currently in the process of winding-up, after their failure to secure re-financing of their loans. Although this is the triggering point for winding-up, it is not the only challenge facing Rickmers. Would FSL face the same challenges and end up being wounded up as well? One of the differences between FSL and Rickmers is their business models, which is discussed in detail in A Comparison of Shipping Trusts’ Business Models . Essentially, FSL started off with a ship financing …

Full article: http://thefinance.sg/2017/05/28/differences-between-first...

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