The 4,229-teu Ever Radiant (built 1994) and the Ever Respect (built 1995) are due to be handed back to the trust in 2016 at the end of their bareboat charters.

FSL Trust said it is anticipated that given their year of build that they will be scrapped or sold at prevailing scrap prices.

The Singapore-listed shipowner says that as a consequence there will be a reduction of contracted revenue of some $11.7m