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First Ship Lease sees positive signs for second half

FSLT is cautiously optimistic that freight rates, and resulting earnings of its vessels employed in pools, will improve in the second half of the year as refinery activity ramps up and middle distillate inventories are replenished ahead of IMO 2020 regulations. Almost a third of its fleet is deployed either in pools or the spot market and could gain from any sharp spikes

The trust's board will also continue to explore strategic initiatives aiming to achieve a new phase of growth after successfully carrying out a preferential offering that raised $31m

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