Maritime Industry Briefing: FSL Continues Fleet Disposal Strategy as Seatrium Secures FSRU Conversion Contract

## FSL Trust Presses Ahead With Fleet Rationalisation Singapore-listed First Ship Lease Trust (FSL) has agreed to sell yet another veteran vessel from its diminishing fleet, continuing a sustained disposal programme that has significantly reduced its tonnage in recent years. According to Splash247, subsidiary FSL-14 has entered into an agreement to sell the 2006-built product tanker *Speciality* to an unrelated third-party buyer. The transaction is the latest in a series of divestments as the trust moves to shed older, less commercially competitive assets from its portfolio. The sale reflects a wider industry trend among smaller shipping trusts and funds to exit ageing tonnage amid tightening environmental regulations, rising maintenance costs, and increasing pressure from charterers seeking more fuel-efficient vessels. For FSL, which has been gradually winding down its fleet over recent years, the disposal of the 19-year-old tanker represents another step in its ongoing strategic realignment. Financial terms of the transaction were not disclosed in the regulatory filing. --- ## Seatrium Wins FSRU Conversion Contract With Excelerate Energy In the LNG sector, Singapore-based shipyard and offshore engineering group Seatrium has secured a contract with leading floating storage and regasification unit (FSRU) operator Excelerate Energy for a vessel conversion project, Seatrade Maritime reports. The agreement covers one firm FSRU conversion, with an option for a second, positioning Seatrium to capitalise on continued global demand for flexible LNG import infrastructure. FSRUs have become an increasingly attractive solution for countries seeking to establish or expand LNG import capacity without the capital expenditure associated with onshore terminal construction. The contract reinforces Seatrium's credentials as a key player in the FSRU conversion market, a segment that has grown considerably as European and Asian nations accelerated efforts to diversify energy supplies following global energy market disruptions in recent years. Excelerate Energy, one of the world's most experienced FSRU operators, brings a strong operational track record to the partnership. Further technical and commercial details of the conversion scope were not immediately disclosed by either party. --- *Sources: Splash247, Seatrade Maritime*