First Ship Lease Trust

First Ship Lease Trust is a business trust that focuses on owning and leasing a diverse fleet of commercial marine vessels. The primary function of this asset is to generate stable and consistent returns for its unitholders through the lease and management of ships. It engages in a range of shipping sectors, including the oil tanker, chemical tanker, and dry bulk carrier markets. First Ship Lease Trust operates by purchasing vessels and subsequently leasing them out to established shipping companies under fixed-rate contracts, ensuring a steady income stream. Notably, the trust's strategy revolves around fleet diversification and long-term contract engagements, mitigating market volatility risks. Situated within the Singapore financial market, First Ship Lease Trust plays a significant role by providing investors access to maritime industry investments without directly engaging in ship ownership. The trust enhances market liquidity and offers exposure to global trading patterns through its portfolio management approach and strategic lease affiliations.