Independent journal on economy and transport policy
12:38 GMT+1
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In according to trimester First Ship Lease the Trust it has recorded a net loss of -21,8 million dollars
the revenues are piled to 20,9 million dollars (- 17.4%)
August 4, 2017
Society shipowning First Ship Lease Trust (FSL Trust) of Singapore, that it has a fleet of 22 ships between which five portacontainer, 12 product tanker, three to chimichiere and two located oil tankers rental near other companies, clearly has archived item the second trimester of this year with a net loss of -21,8 million dollars respect to a profit of 5,5 million dollars in the correspondent period of 2016. So as happened in the last trimester last year ( on 23 February 2017), on the result of according to trimester of 2017 hung the recording of a reduction of the value of ships of the fleet, initiative - it has emphasized FSL Trust - of prudential character who has carried to mark in budget burdens of reduction of the value of eight ships pairs to a total of 24,1 million dollars.
In according to trimester of this year revenues of the FSL Trust they have shown a bending of the -17,4% coming down to 20,9 million dollars regarding 25,3 million dollars in the quarter April-june of 2016. The company of Singapore has specified that the decrease is determined by the breaking in dry dock of two ships in the course of the period and by the reduction of the installments of hire in all markets in which work the fleet.
The operating result has been of sign negative for -19,6 million dollars respect to an operating profit of 7,8 million dollars in according to trimester of 2016.
In the first semester of the 2017 revenues of FSL Trust they are diminished of the -17,5% to 42,9 million dollars regarding 52,0 million dollars in the first half last year. Operating result and economic result clearly have been both of sign negative and pairs to 14,0 million and -18,4 million dollars regarding results of positive sign for 16,9 million and 7,8 million dollars in the first six months of 2016.
The company considers that the phase of crisis crossed from the various segments of the marine transport will continue in the second part of 2017.
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Society shipowning First Ship Lease Trust (FSL Trust) of Singapore, that it has a fleet of 22 ships between which five portacontainer, 12 product tanker, three to chimichiere and two located oil tankers rental near other companies, clearly has archived item the second trimester of this year with a net loss of -21,8 million dollars respect to a profit of 5,5 million dollars in the correspondent period of 2016. So as happened in the last trimester last year 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
