LONDON-BASED containership owner Global Ship Lease (GSL) has signed a deal to purchase four high-reefer ECO 9,115 TEU container ships for an aggregate purchase price of US$274 million.
According to London-based data provider VesselsValue, the box ships were built by the Philippines-based Hanjin Subic shipyard and are being sold to gsl by China's Minsheng Financial Leasing.
The units are slated for phased delivery between December 2024 and January 2025, according to Rotterdam's Offshore Energy.
It is expected that GSL will pay for them with a combination of cash-on-hand and debt.
According to GSL, the new ships are on time charters to an undisclosed line operator, with varied median firm durations extending for an average of 1.7 years, or up to an average of five, that is if all charterer's options are exercised.
Should that be the case, GSL revealed that the charters are anticipated to generate EBITDA of up to approximately $184 million.
As of September 30, 2024, and before adjusting for the newly acquired units, GSL reportedly owned 68 containerships ranging from 2,207 to 11,040 TEU, with an aggregate capacity of 376,723 TEU.
'Buying these ships for an en bloc price of $274 million, against an aggregate open-market charter-free value of close to $400 million, allows us to de-risk this deal right out of the gate,' George Youroukos, executive chairman of Global Ship Lease, emphasized.
SeaNews Turkey
According to London-based data provider VesselsValue, the box ships were built by the Philippines-based Hanjin Subic shipyard and are being sold to gsl by China's Minsheng Financial Leasing.
The units are slated for phased delivery between December 2024 and January 2025, according to Rotterdam's Offshore Energy.
It is expected that GSL will pay for them with a combination of cash-on-hand and debt.
According to GSL, the new ships are on time charters to an undisclosed line operator, with varied median firm durations extending for an average of 1.7 years, or up to an average of five, that is if all charterer's options are exercised.
Should that be the case, GSL revealed that the charters are anticipated to generate EBITDA of up to approximately $184 million.
As of September 30, 2024, and before adjusting for the newly acquired units, GSL reportedly owned 68 containerships ranging from 2,207 to 11,040 TEU, with an aggregate capacity of 376,723 TEU.
'Buying these ships for an en bloc price of $274 million, against an aggregate open-market charter-free value of close to $400 million, allows us to de-risk this deal right out of the gate,' George Youroukos, executive chairman of Global Ship Lease, emphasized.
SeaNews Turkey
