Global Ship Lease Inks Three-Year Charter with Hapag-Lloyd
Illustration. Image Courtesy: Pixabay under CC0 Creative Commons licenseContainership charter owner Global Ship Lease has agreed a three-year charter with Hapag-Lloyd for a 2015-built, high-specification boxship.
The new contract for the 9,115 TEU containership UASC Al Khor is in direct continuation of the current charter and is expected to commence in June, 2019. Re-delivery is set for the second quarter of 2022.
GSL said that the charter is expected to generate around USD 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,” Ian Webber, Chief Executive Officer of Global Ship Lease, said.
“This charter extension further improves our long-term cashflow visibility and is indicative of our expanded relationship with charterers.”
The 111,000 dwt eco, wide-beam containership was acquired through GSL’s recent merger with Poseidon Containers, which created a combined fleet of 38 ships.
