FSL TRUST SECURES TWO-YEAR TIME CHARTER AGREEMENTTime Charter Agreement • April 1st, 2015
Contract Type FiledApril 1st, 2015The new employment is anticipated to generate approximately US$16.8 million of revenue over the next 24 months. This represents an increase of 47% on the time charter rate at which the FSL Shanghai was contracted for one year in June 2014. The increased rate reflects further recent improvement in the crude oil tanker charter market.