Global Ship Lease extends 9,115-TEUer to Hapag-Lloyd for 3 years
GLOBAL Ship Lease, a containership charter owner, has agreed a three-year charter with Hapag-Lloyd for the 2015-built, 9,115-TEU UASC Al Khor
GLOBAL Ship Lease, a containership charter owner, has agreed a three-year charter with Hapag-Lloyd for the 2015-built, 9,115-TEU UASC Al Khor.
The new charter is in direct continuation of the current charter and is expected to commence in June, 2019, with re-delivery in the second quarter 2022. The charter is expected to generate US$28 million of adjusted EBITDA.
'The fixture is consistent with our strategy of locking in contracted cashflow for longer periods when rates have risen to attractive levels, whilst retaining some exposure to the short-term charter market, allowing us to enter into new charters in an improving market,' said Global Ship Lease CEO Ian Webber.
Incorporated in the Marshall Islands, Global Ship Lease commenced operations in December 2007 with a business of owning and chartering out containerships under mainly long-term, fixed-rate charters to top tier container liner companies. On November 15, 2018, it completed a strategic combination with Poseidon Containers.