Independent journal on economy and transport policy
04:27 GMT+2
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First Ship Lease Trust has closed the first trimester of this year with a profit clearly of 3,4 million dollars (+51.9%)
Signed a preliminary agreement for the cession of 24% of the capital to the Navios Maritime Holdings
May 3, 2017
First Ship Lease Trust, shipping trust of Singapore that has a fleet of 22 ships (12 product tanker, three to chimichiere, two oil tankers and five portacontainer) mail rental near other operators, has concluded the first trimester of this year with revenues pairs to 21,9 million dollars, with a decrease of the -17,7% regarding 26,7 million dollars in the first three months of 2016. The operating profit is piled to 5,6 million dollars (- 38.9%) and the profit clearly to beyond 3,4 million dollars, with an increment of +51.9% regarding 2,3 million dollars in the first trimester last year that it is consequence of the greater financial burdens and a loss for the cession of ships recorded pairs to 4,2 million dollars in the first three months of 2016.
FSL Trust has specified that the consisting reduction of the revenues is determined mainly by the breaking in basin of two oil tankers in the course of the first trimester of 2017 let alone by the cession of two portacontainer happened Panamax last February and from the total deterioration of the market of the hires.
While past friday FSL Trust has signed with the Greek Navios Maritime Holdings a term sheet that it among other things previews the acquisition by this last one of 24.23% about of the capital stock of the society of Singapore for 20 million dollars. Currently Navios has a fleet of beyond 170 ships between rinfusiere, portacontainer, oil tankers and product tanker.
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First Ship Lease Trust, shipping trust of Singapore that has a fleet of 22 ships (12 product tanker, three to chimichiere, two oil tankers and five portacontainer) mail rental near other operators, has concluded the first trimester of this year with revenues pairs to 21,9 million dollars, with a decrease of the -17,7% regarding 26,7 million dollars in the first three months of 2016. The operating profit is piled to 5,6 million dollars (- 38.9%) and the profit clearly to beyond 3,4 million dollars, with an increment of +51.9% regarding 2,3 million dollars in the first trimester last year that it is consequence of the greater financial burdens and a loss for the cession of ships recorded pairs to 4,2 million dollars in the first three months of 2016.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
