FSL Trust, a Singapore-based owner of eight specialised chemical tankers and an MR, distributes cash to its shareholders for the first time in three quarters on the back of rising earnings and the sale of an aframax.

Net profit came in at $2.1m for the second quarter from $0.5m in the same time last year. For the period of January through June, profit more than doubled to $2.2m from $0.9m.