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Global Ship Lease announces extension of charters with CMA CGM
Global Ship Lease, Inc. (NYSE:GSL) (the "Company" or "GSL") has agreed with CMA CGM to extend the charters of the Marie Delmas and Kumasi, two 2,207-TEU vessels, for a period of up to 3.25 years, at GSL's option, the Company said on Wednesday in its press release. Under the agreement, a revised rate of $13,000 per day will apply from August 1, 2016 until the charters' previous earliest expiry dates in September 2017, after which Global Ship Lease has three consecutive option periods, the first of 1.25 years and the second and third of one year each, through December 31, 2020 at a rate of $9,800 per day.
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