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Singapore's First Ship to buy 3 vessels from Yang Ming

Mon May 12, 2008 3:19pm IST
 
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SINGAPORE, May 12 (Reuters) - Singapore's First Ship Lease Trust FSLT.SI said on Monday that it will buy three container vessels from Taiwan's Yang Ming Marine (2609.TW: Quote, Profile, Research) for a total of $210 million.

The vessels will be leased back to Yang Ming for 12 years, it said in a statement. (Reporting by Kevin Lim; Editing By Ovais Subhani)

 
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