FSL Trust Pact with Heidmar’s Sigma Pool for Two Vessels

August 1, 2018

Singapore-based FSL Trust Management (FSLTM), as trustee-manager of First Ship Lease Trust  announced a new pool agreement for the two LR2 vessels, 2006 built and each 109,672 DWT, FSL Piraeus (ex-Torm Margrethe) and FSL Perth (ex-Torm Marie), which have recently returned from their bareboat charters and have now been renamed.

The Trust has established a new business relationship with Heidmar as these vessels enter into the Sigma Pool.

Heidmar Inc, founded in 1984, is one of the world’s leading commercial tanker operators with a fleet of approximately 80 ships, including VLCC, Suezmax, Aframax / LR2, and Panamax vessels.

Roger Woods, Chief Executive Officer of FSL Trust commented: "We are delighted to be working along with a reputable and knowledgeable partner like Heidmar. This is another positive step forward for the business, providing stable income and strengthening the Trust’s position with this market leader.”

FSL Trust owns a fleet of vessels across major shipping sub-sectors. FSL Trust presently has a diversified portfolio of 19 well-maintained oceangoing, comprising three containerships, twelve product tankers, two chemical tankers and two crude oil tankers.

Logistics News

Tideworks Technology’s Traffic Control Solution Deployed at Florida International Terminal

Tideworks Technology’s Traffic Control Solution Deployed at Florida International Terminal

Port of Oakland June Container Volume Declines Due to Global Uncertainties

Port of Oakland June Container Volume Declines Due to Global Uncertainties

DP World Expands Black Sea Operations, Halving Romania-Turkey Shipping Times

DP World Expands Black Sea Operations, Halving Romania-Turkey Shipping Times

Basque Government Minister of Industry Welcomes New Port of Bilbao President

Basque Government Minister of Industry Welcomes New Port of Bilbao President

Subscribe for Maritime Logistics Professional E‑News

United Airlines shares drop as Newark issues weigh on the profit forecast
Freeport LNG Export Plant in Texas is on track to reach full power, LSEG Data shows
WSJ reports that Union Pacific is exploring a deal to purchase Norfolk Southern.