UK's Global Ship Lease (GSL) has entered new multi-year charters with German carrier Hapag-Lloyd for six 6,900-TEU ships, reports London's Port Technology.
GSL reported that the new charters comprise a first period of five years, followed by two 12-month periods at the option of the charterer, and are scheduled to commence between late 2023 and late 2024 - following the expiration of existing charters.
The charters are expected to generate average adjusted EBITDA of US$13.1 million per ship per year, and total adjusted EBITDA of $393 million for the six ships over the firm charter period.
As of August 30, 2022, GLS owned 65 containerships, ranging from 1,118 to 11,040 TEU, with an aggregate capacity of 342,348 TEU.
'We are pleased to announce that we have chartered these high-quality postpanamax containerships at rates that reflect the current market, but particularly the long-term need by liner operators for these well-specified vessels,' said GSL chairman George Youroukos.
'These new forward charters provide a significant extension of our contracted revenue streams through nearly the end of the decade, and we are delighted to deepen our relationship with Hapag-Lloyd,' Mr Youroukos said.
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GSL reported that the new charters comprise a first period of five years, followed by two 12-month periods at the option of the charterer, and are scheduled to commence between late 2023 and late 2024 - following the expiration of existing charters.
The charters are expected to generate average adjusted EBITDA of US$13.1 million per ship per year, and total adjusted EBITDA of $393 million for the six ships over the firm charter period.
As of August 30, 2022, GLS owned 65 containerships, ranging from 1,118 to 11,040 TEU, with an aggregate capacity of 342,348 TEU.
'We are pleased to announce that we have chartered these high-quality postpanamax containerships at rates that reflect the current market, but particularly the long-term need by liner operators for these well-specified vessels,' said GSL chairman George Youroukos.
'These new forward charters provide a significant extension of our contracted revenue streams through nearly the end of the decade, and we are delighted to deepen our relationship with Hapag-Lloyd,' Mr Youroukos said.
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