Global Ship Lease buys feeder boxship for CMA CGM charter

Global Ship Lease buys feeder boxship for CMA CGM charter

Containership charter owner Global Ship Lease has acquired a 2005-built 2,800 teu containership for a price of $11.3m.

The vessel will be renamed and following the completion of its current charter next quarter will commence a new charter with CMA CGM for a period of 12 months at a rate of $9,000 per day.

The acquisition will grow the Global Ship Lease fleet to 19 vessel with a total capacity of 85,112 teu.

“We are pleased to have expanded our fleet in a strengthening market with the acquisition of this high-specification vessel at an attractive price. By utilizing both our strong balance sheet and our well-established commercial relationships, we were able to confidently pursue the acquisition, having already secured the vessel’s subsequent employment with a top-tier counterparty at an EBITDA positive level. We remain optimistic for the continued tightening of the supply/demand balance for mid-sized and smaller vessels, and we will continue to pursue attractive, immediately accretive acquisition opportunities for the benefit of shareholders,” said Ian Webber, chief executive officer of Global Ship Lease.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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