FSL Ship Lease Trust (FSL Trust), a Singapore-based owner of nine tankers, announced on Thursday that it has agreed to divest its largest ship, an MR carrier.

An agreement to sell the 47,500-dwt FSL Singapore (built 2006) was signed with an unaffiliated third party, the Efstathios Topouzoglou-led company said in a press release without identifying the buyer.

The 10% deposit required to set the deal in motion has been paid, according to the statement.