First Ship Lease Trust

[yeokiwi]

I thought since the 3 containers are leased with good rate (from good old times), they are definitely higher value than fvlcts? 
Hence the viu is higher? 

My explanation is sloppy. My thought was, since the rate did not change, it should not affect the VIU and so the impairment loss was not due to VIU.

And all the five container ship of FSL contributed to the impairment loss and the most likely reason was the drop in market value of the container ship due to the widening of the panama canal.

Therefore, 44mil impairment loss was arisen out of the drop in fvlcts.