Singapore-listed FSL says it is no longer in breach of loan terms, for which it had previously received waivers.
Alan Hatton, the chief executive who took over the company in 2013, said in a statement: “This is the clearest demonstration yet that restructuring efforts are working and we continue to focus on ensuring the long-term stability of the Trust.
“With two older container vessels likely to be redelivered in early 2016, our focus will be on replacing that revenue stream and renewing the fleet.
“Recent
