FSL Trust is benefitting from a stronger tanker market with a two-year time charter of FSL Shanghai to a US domestic oil company.

The two year charter for the 2007-built aframax will generate revenues of $16.8m, which is a 47% increase on the time charter rate the FSL Shanghai was contracted on in June 2014.

"We are very pleased to announce that we have extended our commercial relationship with this prominent US domestic oil company,” said Alan Hatton ceo of FSL Trust Management.