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ANL Charters Boxship from GSL

Containership charter owner Global Ship Lease (GSL) has inked a new time charter with ANL, a subsidiary of CMA CGM, for GSL Keta.

Built in 2003, the 2,207 TEU containership was previously known as Delmas Keta.

The new charter, commencing later this month, is for a period of between seven and ten months at a rate of USD 8,450 per day, up from USD 7,800 per day under the preceding charter.

What is more, the company has exercised options to extend the existing charters of the 2002-built, 2,207 TEU Marie Delmas and Kumasi to CMA CGM through December 31, 2019, at a rate of USD 9,800 per day. The company retains additional options, in its favor, to further extend both charters through 2020.

“Our success entering into this new charter at a higher rate highlights the firming fundamentals for mid-size and smaller containerships. Furthermore, through both this new charter and the exercise of two options at attractive rates, we are pleased to have further expanded our contracted revenue backlog and consolidated our relationship with the CMA CGM group,” Ian Webber, Chief Executive Officer of Global Ship Lease, said.

Earlier this month, CMA CGM decided to charter four boxships from Poseidon Containers. Poseidon Containers recently announced a merger with GSL, aiming at creating a containership charter owner focused on mid-sized and smaller vessels.

As of September 30, 2018, Global Ship Lease owned 19 vessels with a total capacity of 85,136 TEU and an average age, weighted by TEU capacity, of 13.7 years. All 19 vessels are fixed on time charters, 17 of which are with CMA CGM.