First Ship Lease Trust (FSL Trust) has been forced to defend its sale of two new LR2 product tankers in response to questions from the Singapore Exchange (SGX).

The Singapore-listed company said it offloaded the 114,000-dwt FSL Fos and FSL Suez (both built 2021) on 17 February.

TradeWinds reported the buyer as Libya's General National Maritime Transport Co (GNMTC) for an eye-catching $52.5m