- Global Ship Lease (GSL) has sealed a deal to acquire four 5,470 teu panamax containerships for $148m.
- The ships will be chartered to a leading liner operator for a firm period of three years each, with option for additional three years.
- The vessels are expected to generate aggregate Adjusted EBITDA of approximately $124.4 million.
Global Ship Lease, Inc. has agreed to purchase four 5,470 TEU Panamax containerships with an average age of approximately 11 years for an aggregate purchase price of $148 million, reads the company new release.
Three year charter
The vessels are scheduled for deliver in the third quarter and will be chartered to a liner operator for a firm period of three years, with options for an additional three years.
GSL said the vessels will generate an adjusted EBITDA of around $124.4m over the firm charter period.
Focus on ultra-high refrigerated containers
George Youroukos, executive chairman of Global Ship Lease, commented: “Maintaining our strong momentum of identifying and securing accretive vessel acquisitions with multi-year charters in a red-hot market, we are pleased to announce our agreement to bring these four high-spec ships into the GSL fleet.”
He also said, “These ships are excellent examples of our strategic focus on ultra-high refrigerated container capacity. Each ship has existing capacity for 1,200 refrigerated containers – double the average for ships in the 5,000 to 7,000 teu size segment – and electrical power available for more than 2,000 refrigerated containers; so, these are top-tier ships offering clear upside potential following the initial charters.”
- Earlier in the month, GSL agreed a deal with Borealis Finance to acquire 12 containerships for a total of $233.9m.
- Once both acquisitions are finalised, GSL will own a fleet of 66 containerships.
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Source: Global Ship Lease
