Global Ship Lease Announces New Charter Agreements
June 13 2019 - 8:30AM
Global Ship Lease, Inc. (NYSE:GSL) (“GSL” or the “Company”), a
containership charter owner, today announced that it has agreed new
charters for two of its vessels. 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, and 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.”
About Global Ship Lease
Global Ship Lease is a leading independent owner of
containerships with a diversified fleet of mid-sized and smaller
containerships. Incorporated in the Marshall
Islands, Global Ship Lease commenced operations
in December 2007 with a business of owning and chartering
out containerships under fixed-rate charters to top tier container
liner companies. On November 15, 2018, it completed a
strategic combination with Poseidon Containers.
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.
The average remaining term of the charters at March 31,
2019, including subsequent announcements and to the mid-point of
redelivery, including options under owner’s control, was 3.1
years on a TEU-weighted basis. Contracted revenue on the same basis
is $894.4 million. Contracted revenue is $985.2 million,
including options under charterers’ control and with latest
redelivery date, representing a weighted average remaining term of
3.5 years.
Investor and Media Contact:The IGB GroupBryan
Degnan646-673-9701orLeon Berman212-477-8438
Global Ship Lease (NYSE:GSL)
Historical Stock Chart
From Aug 2024 to Sep 2024
Global Ship Lease (NYSE:GSL)
Historical Stock Chart
From Sep 2023 to Sep 2024