SINGAPORE: First Ship Lease Trust has booked a distributable income of US$14 million for the second quarter.

That works out to a distribution of 2.8 US cents per unit.

This is an increase of eight per cent from the previous quarter, and a jump of 28 per cent compared to the same quarter last year.

First Ship Lease Trust said it saw a 71 per cent increase in lease revenue on year. - CNA/vm