It was due to the absence of a $950,000 vessel disposal gain.

Photo by Pixabay via PexelsIt was due to the absence of a $950,000 vessel disposal gain. First Ship Lease Trust (FSL Trust) reported a net income of $970,000 (US$760,000) for the first half (H1) of 2026, down 56.6% from a year earlier. According to the company, the decline was largely due to the absence of a $950,000 (US$740,000) gain on disposal of a vessel recorded in H1 2025. Net income per unit fell 60% to $0.05 (US$0.04). The trust's fleet averaged six vessels in H1 2026, unchanged from the second half of 2025.