First Ship Lease Trust (FSL Trust) is a Singapore-based ship-owner and a provider of leasing services on a bareboat charter basis to the international shipping industry. FSL Trust owns a fleet of vessels across shipping sub-sectors. FSL Trust has a portfolio of approximately 22 vessels consisting of over five containerships, approximately 12 product tankers, over three chemical tankers and approximately two crude oil tankers. Approximately 12 vessels are employed on long-term bareboat charters and have a dollar-weighted average remaining lease period of approximately three years (excluding extension periods and early buy-out options). The remaining 10 vessels are employed on time charter arrangements and in pools. The combined portfolio of over 22 vessels has a dollar-weighted average age of approximately nine years. The Company, through its subsidiary, FSL-27 Pte. Ltd., owns the vessel, FSL Osaka. FSL Trust is managed by FSL Trust Management Pte. Ltd.