Global Ship Lease, Inc. (NYSE:GSL), a containership charter owner, today announced that it has agreed to an extension of its charter with OOCL for the OOCL Qingdao, a 2004-built, 8,063 TEU containership.
The extension commences in direct continuation of the current charter with effect from March 11, 2018, at a fixed rate of $14,000 per day. Earliest redelivery is now January 1, 2019, with the latest redelivery March 15, 2019 (at charterer's option).
Ian Webber, Chief Executive Officer of Global Ship Lease, commented, “We are pleased to have secured a charter extension for the OOCL Qingdao that demonstrates both our strong relationship with OOCL and an improving market for our fleet of mid-sized and smaller containerships. With a robust balance sheet, predictable cash flows, and a reputation as an owner and operator of high-quality containerships, we believe Global Ship Lease is well-positioned to create additional value for shareholders.”
Source: Global Ship Lease