Independent journal on economy and transport policy
04:49 GMT+2
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FSL Trust exits the container market
Sold the last three ships. In the second quarter, the trust's revenues fell by -11.0%
August 6, 2020
Following the sale of the three container carriers, in the fleet FSL will remain nine product tankers, two chimichieres and one Oil tanker.
Meanwhile FSL Trust closed the second quarter of this year revenues of US 14.5 million dollars, a decrease in the number of -11.0% over the June-April period of 2019. Operating and profit 51.1% and -34.7% respectively. dropped to 1.9 million and 1.3 million dollars.
"The Covid-19 - commented the CEO of FSL Trust, Roger Woods - continues to pose challenges to the shipping with significant impacts on the operations of ships as global travel restrictions create significant obstacles to changing crews as well as to the market for Sale. Although in the first five months of the year we witnessed a very strong tanker market, which helped FSL Trust to achieve excellent results for the first half of 2020, Last June, the market deteriorated due to combined effect of seasonality and impact pandemic on ship demand.'
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