GSL Announces New Charter Agreements

Maritime Activity Reports, Inc.

June 13, 2019

Pic: Global Ship Lease

Pic: Global Ship Lease

The containership charter owner Global Ship Lease (GSL) announced that it has agreed new charters for two of its vessels.

The Marshall Islands incorporated owner of diversified fleet of mid-sized and smaller containerships said that commencing in June, the 2005-built, 2,824 TEU GSL Valerie will be chartered for 12 months to MSC at a fixed rate of $9,000 per day.

Meanwhile, the 2006-built, 5,095 TEU Orca I will be chartered for minimum 12 months / maximum 24 months to Maersk Line at a fixed rate of $9,000 per day for the first 12 months, and $10,000 per day thereafter.

Ian Webber, Chief Executive Officer of Global Ship Lease, commented, “We’re pleased to have secured these new charters with top-tier counterparties. Our ability to consistently achieve full fleet employment with our diversified customer base at EBITDA positive levels supports our continuing efforts to unlock additional shareholder value in the high-quality GSL fleet and commercial platform.”

Global Ship Lease owns 41 vessels ranging from 2,207 to 11,040 TEU, of which nine are fuel efficient new-design wide beam, with a total capacity of 224,162 TEU and an average age, weighted by TEU capacity, of 11.7 years as at March 31, 2019, including subsequent announcements.

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