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Home News Global Ship Lease secures charter deals with Hapag-Lloyd for six boxships

Global Ship Lease secures charter deals with Hapag-Lloyd for six boxships

New York-listed container ship owner Global Ship Lease has entered into new multi-year charters with Hapag-Lloyd for six ECO 6,900 TEU vessels.

The new charters are each for a firm period of five years, followed by two 12-month periods at the option of Hapag-Lloyd, and are scheduled to commence between late 2023 and late 2024, following the expiration of existing charters to a different counterparty.

“We are pleased to announce that we have chartered these high-quality Post-Panamax container ships at rates that reflect the current market, but particularly the long-term need by liner operators for these well-specified vessels,” commented George Youroukos, executive chairman of Global Ship Lease.

Global Ship Lease expects the new charters to generate average adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of approximately US$13.1 million per ship, per year; and total adjusted EBITDA of around US$393 million for the six ships over the firm charter period.

“These new forward charters provide a significant extension of our contracted revenue streams through nearly the end of the decade, and we are delighted to deepen our relationship with Hapag-Lloyd. So far this year, through three charter extension options, one prompt fixture, and eleven forward fixtures, we have added almost US$920 million of contracted revenues, and we continue to pursue additional attractive, long-term employment for our in-demand fleet,” added George Youroukos.





Antonis Karamalegkos
Managing Editor

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