Global Ship Bolsters Fleet

Global Ship Bolsters Fleet

Marshall Islands-headquartered Global Ship Lease has taken delivery of a 2005-built, 8,063 TEU containership, the OOCL Tianjin. Upon delivery, the vessel commenced a timecharter back to the seller, Orient Overseas Container Lines Limited (OOCL), for 36 to 39 months at a rate of USD 34,500 per day.

With this addition, the company’s fleet stands at 18 vessels with a total capacity of 74,412 TEU.

Ian Webber, Chief Executive Officer of Global Ship Lease, said: “We are pleased to take delivery of this high-quality vessel, which adds USD 9.4 million to our annual EBITDA and between USD 37.7 and USD 40.9 million to our contracted revenue stream while diversifying our charter portfolio. OOCL is one of the world’s leading container liner companies and we are excited to establish a relationship with them.”

Press Release, Image: NOAA