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FSL Trust buys Yang Ming trio

FSL Trust buys Yang Ming trio

Singapore: First Ship Lease trusts has splashed $210m for three Yang Ming 4,250 teu boxships. The Singapore listed trust will then lease the ships back to the Taiwanese operator for a 12 year period. All the ships are being delivered this year from CSBC in Kaohsiung. FSL's fleet will soon number 23 ships  [13/5/08]