Global Ship Lease

Global Ship Lease signs long-term charter with Maersk

Global Ship Lease, Inc. has agreed a minimum 30-month / maximum 38-month charter with Maersk Line for the 2000-built, 5,936 TEU containership Tasman. The new charter is expected to commence in July 2019 on the completion of the current charter and is subject to a further 12-month extension at the charterer’s option. The charter is expected to generate approximately $5.3 million of Adjusted EBITDA for the median firm period and an additional $4.4 million if the 12-month extension option is...

https://container-news.com/global-ship-lease-long-term-charter-maersk/

Maersk Line Enters New Long-Term Charter Agreement With GSL

vistula-maersk-2

Global Ship Lease, (“GSL” or the “Company”), a containership charter owner, has agreed a minimum 30-month / maximum 38-month charter with Maersk Line for the 2000-built, 5,936 TEU containership Tasman. The new charter is expected to commence in July 2019 on the completion of the current charter and is subject to a further 12-month extension at the charterer’s option. The charter is expected to generate approximately $5.3 million of Adjusted EBITDA for the median firm period and an additional...

https://www.marineinsight.com/shipping-news/maersk-line-enters-new-long-term-charter-agreement-with-gsl/

Global Ship Lease signs new charter with Hapag-Lloyd

Global Ship Lease, Inc. (“GSL” or the “Company”), a containership charter owner, has agreed a three-year charter with Hapag-Lloyd for the 2015-built, 9,115 TEU containership UASC Al Khor. The new charter is in direct continuation of the current charter and is expected to commence in June, 2019, with re-delivery in the second quarter 2022. The charter is expected to generate approximately $28 million of Adjusted EBITDA.

Ian Webber, Chief Executive Officer of Global Ship Lease, stated, “We are...

https://container-news.com/global-ship-lease-container-vessel-charter-hapag-lloyd/

Global Ship Lease reports Q4 financial results

Global Ship Lease, Inc. (the “Company” or “Global Ship Lease”), a containership charter owner, announced on March 5 its unaudited results for the three months and year ended December 31, 2018.

Fourth Quarter 2018 and Full Year Highlights 

– Reported operating revenues of $50.0 million for the fourth quarter 2018.  Operating revenues for the year ended December 31, 2018 were $157.1 million. Operating revenues include the Poseidon Containers fleet acquired on November 15, 2018.

– Reported net loss(1)

https://container-news.com/global-ship-lease-reports-financial-results/

Charter market ends 2018 on a gloomy note but hopes for low-sulphur silver lining next year

The short-term market outlook for non-operating containership owners is “grim” according to Alphaliner, but there could be a silver lining from the IMO 2020 regulations next year.
“The container charter market is ending 2018 on a rather uninspiring note, with continuously weak charter rates across the board,” said the consultant.
It added that given the start of the holiday season, which will stymie most deals until at least the second week of …

The post Charter market ends 2018 on a gloomy note...

https://theloadstar.co.uk/charter-market-ends-2018-on-a-gloomy-note-but-hopes-for-low-sulphur-silver-lining-next-year/

Global Ship Lease agrees CMA CGM charter

Secures new five-year time charters with CMA CGM for two high-specification, modern containerships at rates approximately 30% above current levels

New long-term charter coverage increases contracted revenue by approximately $94 million, is expected to generate approximately $68 million of EBITDA, and lengthens average remaining charter term beyond that of pre-merger GSL

Global Ship Lease, Inc. (“GSL” or the “Company”), a containership charter owner, has agreed five-year charters with CMA...

http://container-news.com/global-ship-lease-cma-cgm-charter/

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