Sea Consortium takes 4,000 teu ship on short-term charter

Singapore: New York-listed Global Ship Lease has chartered its 1996-built, 4,113 teu vessel, Ville d'Aquarius, to Singapore’s Sea Consortium, doing business as X-Press Feeders. The charter, which commenced on Wednesday, is at a gross charter rate of $7,490 per day and is for a period of 180 days plus or minus 30 days, at charterer's option.

Ian Webber, ceoof Global Ship Lease, commented, "We are delighted to have fixed the Ville d'Aquarius on a short-term charter in what continues to be a challenging spot charter market environment. Furthermore, we are pleased to establish a commercial relationship with a new charterer, Sea Consortium / X-Press Feeders, the largest independent feeder operator in the world, operating a fleet of over 60 vessels. This marks an important first step towards our goal of diversifying our charter portfolio, while also expanding our contracted revenue stream. Establishing this relationship with Sea Consortium / X-Press Feeders is particularly appealing to us, as they are active in the non-mainlane and intra-regional trades, areas we see as being central to our vessel acquisition strategy going forward."  [09/05/14]

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