Pacific Shipping Trust: Practising Prudency

Pacific Shipping Trust is the first shipping trust listed on the Mainboard of Singapore Exchange in May 2006. Its sponsor Pacific International Lines is one of Asia’s largest shipowners and Singapore’s second largest container shipping company. PST has a young fleet of 14 ships with an average age of 5 years. With long-term leases stretching into 2021, the shipping trust is set to enjoy a stable income of close to USD 500 million over the next 10 years. Its charterers include Pacific International Lines, CSAV and Shagang Group.

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