Global Ship Lease Extends Ville d'Aquarius Time Charter

Maritime Activity Reports, Inc.

May 18, 2015

Global Ship Lease, Inc. has agreed to extend the time charter for the Ville d'Aquarius, a 1996-built, 4,113 TEU vessel currently on charter with Sea Consortium Pte Limited, doing business as X-Press Feeders.

The extension is for an additional four to six months, at charterer's option, at a gross charter rate of $10,700 per day, compared to the current charter rate of $8,390 per day. The extended time charter will commence immediately upon expiration of the vessel's current time charter on June 3, 2015.

Ian Webber, Chief Executive Officer of Global Ship Lease, commented, "We are delighted to have agreed with Sea Consortium / X-Press Feeders to extend the charter for the Ville d'Aquarius at a significantly higher rate than its previous charter, with no idle time or repositioning costs. The extension maintains full fleet charter coverage and allows us to benefit from the improving market for mid-size and smaller vessels by achieving a 30% increase in the charter rate for this 1996-built vessel."

Maritime Reporter Magazine Cover Nov 2019 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Maritime Reporter E-News subscription

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News