2018 November 4 18:35

Global Ship Lease provides supplemental information on its strategic combination with Poseidon Containers

Global Ship Lease, Inc. has made available a presentation with supplemental information related to the Company’s recently announced strategic combination with Poseidon Containers, the company said in its press release.

About Global Ship Lease

Global Ship Lease is a containership charter owner. Incorporated in the Marshall Islands, Global Ship Lease commenced operations in December 2007 with a business of owning and chartering out containerships under mainly long-term, fixed-rate charters to top tier container liner companies.

As of September 30, 2018, Global Ship Lease owned 19 vessels with a total capacity of 85,136 TEU and an average age, weighted by TEU capacity, of 13.7 years. All 19 vessels are fixed on time charters, 17 of which are with CMA CGM. The average remaining term of the charters at September 30, 2018 was 2.0 years or 2.4 years on a weighted basis.