First Ship Least Trust (FSL Trust) has offloaded both chemical tankers it had trading in the spot market after their long-term charters expired earlier this year.

The Singapore-based company announced on Tuesday that it had sold the 20,000-dwt FSL London (built 2006) to an unaffiliated party. It did not disclose the buyer.

FSL Trust did not reveal any price details, either, other than to say that the buyer has already deposited 10% of the purchase price in escrow.