Global Ship Lease, Inc. (NYSE:GSL), a containership charter owner, announced that it has agreed to an extension of its charter with CMA CGM for the GSL Tianjin, a 2005-built, 8,063 TEU containership. The vessel will be chartered for a period of eight to twelve months (at the charterer’s option) at a fixed rate of $11,900 per day, commencing in direct continuation from its current charter on January 26, 2018.

Ian Webber, Chief Executive Officer of Global Ship Lease, commented, “We are pleased to have secured this extension with CMA CGM for the continued employment of the GSL Tianjin. We look forward to maintaining our strong relationship with CMA CGM, our largest shareholder and the third largest liner company in the world, and to benefitting over time from the improving long-term fundamentals for mid-sized and smaller containerships.”

Source: Hellenic Shipping News.