Singapore owner First Ship Lease Trust (FSL Trust) has revealed a small profit from its disposal of two new LR2 product tankers.

The company completed the sale of the 114,000-dwt FSL Fos and FSL Suez (both built 2021) to Libya's General National Maritime Transport Co (GNMTC) for an eye-catching $52.5m each on Monday.

FSL will book a net gain of $500,000 after taking into consideration the combined newbuilding contract price of $97.6m