FSL Trust’s Newbuildings Construction Progressing Smoothly Amid Covid-19

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FSL Trust Management Pte. Ltd., in its capacity as trustee-manager of First Ship Lease Trust, is pleased to announce the construction of its two first 114,000 DWT LR2 newbuildings (Hull no. N944 and N945) are progressing smoothly. Built by COSCO Shipping Heavy Industry (Yangzhou) Co., Ltd, keel laying for Hull no. N945 was completed on 20 April 2020, while the hull construction for the first newbuilding (Hull no. N944) is currently underway.

Roger Woods, CEO, said: “We are pleased that keel laying for Hull no. N944 and Hull no. N945 have completed despite the pandemic outbreak. The vessels are due for delivery in Q4 2020 and Q1 2021 and will utilise the latest technology while being more environmentally friendly and efficient, making them more competitive and attractive for premium chartering rates and long-term leases.”

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