Global Ship Lease seals new CMA CGM charter

Global Ship Lease has announced a new charter to CMA CGM as well as the extension of two exisiting charters.

GSL Keta, a 2003-built 2,207 teu boxship, is going on charter to CMA CGM subsidiary ANL for a period of seven to 10 months. The charter commences November 20 and is at a rate of $8,450 per day. CMA CGM has been paying $7,800 per day for the vessel under the previous charter deal.

Additionally, options have been taken to extend the existing charters of 2002-built 2,207 teu vessels Marie Delmas and Kumasi. They will remain on charter to CMA CGM through to the end of 2019 at $9,800 per day.

Ian Webber, chief executive officer of Global Ship Lease, commented: “Our success entering into this new charter at a higher rate highlights the firming fundamentals for mid-size and smaller containerships. Furthermore, through both this new charter and the exercise of two options at attractive rates, we are pleased to have further expanded our contracted revenue backlog and consolidated our relationship with the CMA CGM group.”

Global Ship Lease, which is current in the middle of a merger with Poseidon Containers, has 17 of its 19 vessels fixed to CMA CGM. The French line is also its largest shareholder.

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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