T.S. Lines Limited disclosed that its direct wholly-owned subsidiary, Viscount Shipping Company Limited, has agreed to sell a container vessel to an undisclosed purchaser. Alongside the sale, a tripartite novation agreement was entered into between TS Singapore, Viscount Shipping, and the purchaser regarding the chartering of the vessel. Several directors, including Mr. Chen Teh-Sheng, Mr. Chen Shao-Hsiang, and Mrs. Chen Chuang Chuang-Li, abstained from voting on board resolutions concerning the agreements. Further details about the vessel and transaction counterparties were not provided in the announcement.

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