The Board of Directors of PST Management Pte. Ltd. (“PSTM”), as Trustee-Manager of Pacific Shipping Trust (“PST”), announced that PST has taken delivery of its 180,000 DWT capesize bulk carrier, M/V Shagang Hongfa, from Hyundai Heavy Industries Co., Ltd., on September 5, 2011, PST said Tuesday.
Pacific Shipping Trust is the first business trust listed on the SGX-ST. It provides structured financing solutions to all sectors of the shipping industry including containerships, bulk carriers, and multi-purpose vessels, thereby generating visible and stable cashflow stream through long-term charters. By acquiring vessels and leasing them to reputable charterers on long-term bareboat or time charters, PST seeks to generate a steady stream of highyielding income for its Unitholders.
The trustee-manager of PST is PST Management Pte. Ltd., a wholly-owned subsidiary of Pacific International Lines (Private) Limited, one of the largest private shipowners and operators in South East Asia.
Pacific Shipping Trust is the first business trust listed on the SGX-ST. It provides structured financing solutions to all sectors of the shipping industry including containerships, bulk carriers, and multi-purpose vessels, thereby generating visible and stable cashflow stream through long-term charters. By acquiring vessels and leasing them to reputable charterers on long-term bareboat or time charters, PST seeks to generate a steady stream of highyielding income for its Unitholders.
The trustee-manager of PST is PST Management Pte. Ltd., a wholly-owned subsidiary of Pacific International Lines (Private) Limited, one of the largest private shipowners and operators in South East Asia.