First Ship Lease Trust (FSL Trust) has exited the container shipping segment.

The Singapore-listed company has hived off three traditional panamax containerships for an undisclosed price.

The 4,250-teu FSL Eminence, FSL Elixir and YM Enhancer (all built 2008) were sold to an unnamed third-party.

The vessels are estimated to be worth less than $23m en bloc, according to VesselsValue.