First Ship Lease Pair Dropped Into Heidmar Pool

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TradeWinds · Andy Pierce · August 1, 2018

First Ship Lease Trust’s new ties with Greece have deepened after it placed two vessels with George Economou-backed pool power Heidmar.

Singapore-listed First Ship Lease, now controlled by Greek shipowner Prime Tanker Management, has placed two LR2s with Heidmar following the end of bareboat deals with Torm.

The 109,670-dwt FSL Piraeus (ex-Torm Margrethe) and FSL Perth (ex-Torm Marie) will enter the Sigma Pool, FSL announced today.

Roger Woods, chief executive of FSL, said, “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.”

First Ship Lease, which has refinanced its main debt facilites this summer, was taken over by Prime in early 2018 with shipowner Stathis Topouzoglou now in the chairman’s seat.

FSL started as a lease finance specialist and became a shipowner by default after the financial crisis.

It is now no stranger to pooling ships and has vessels with Hafnia Tankers, Teekay, Hanse and Nordic Tankers.

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