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CMA CGM sells final stake in Global Ship Lease

CMA CGM has sold its last remaining stocks in New York-listed Global Ship Lease, a company it spun off 14 years ago.

The Marseille liner sold 3.05m shares on August 5 for $54.5m, according to a filing with the US Securities and Exchange Commission (SEC).

London-headquartered Global Ship Lease currently owns 65 containerships ranging from 1,118 teu to 11,040 teu. Alphaliner lists the company as the eighth largest boxship tonnage provider in the world.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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