First Ship Lease Trust (FSL Trust) announced on Thursday the acquisition of a small chemical tanker, secured against long-term employment with its favoured charterer.

The $5m purchase of the 9,600-dwt Anuket Amber (built 2008) is the company’s first move as a buyer on the secondhand market since late 2015.

Singapore-based but Greek-controlled FSL Trust said in a statement it expects to take delivery of the ship between September and November.