Global Ship Lease brings in another four boxships

London-headquartered containership owner Global Ship Lease (GSL) has sealed a deal to acquire four 5,470 teu panamax containerships for $148m.

The vessels, which have an average age of around 11 years, are scheduled for deliver in the third quarter and will be chartered to a liner operator for a firm period of three years, with options for an additional three years.

GSL said the vessels will generate an adjusted EBITDA of around $124.4m over the firm charter period.

George Youroukos, executive chairman of Global Ship Lease, commented: “Maintaining our strong momentum of identifying and securing accretive vessel acquisitions with multi-year charters in a red-hot market, we are pleased to announce our agreement to bring these four high-spec ships into the GSL fleet. These ships are excellent examples of our strategic focus on ultra-high refrigerated container capacity. Each ship has existing capacity for 1,200 refrigerated containers – double the average for ships in the 5,000 to 7,000 teu size segment – and electrical power available for more than 2,000 refrigerated containers; so, these are top-tier ships offering clear upside potential following the initial charters.”

Earlier in the month, GSL agreed a deal with Borealis Finance to acquire 12 containerships for a total of $233.9m. Once both acquisitions are finalised, GSL will own a fleet of 66 containerships.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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