Global Ship Lease takes delivery of 16th ship

Global Ship Lease takes delivery of 16th ship Global Ship Lease said it had taken delivery of a 10,960 TEU newly built containership. The CMA CGM Thalassa is on a fixed rate 17-year time charter to CMA CGM, the world's third largest container shipping company. The purchase was funded by drawings under Global Ship's $800 million credit facility.
   With this delivery, Global Ship now operates a fleet of 16 vessels, and it has contracts to acquire three additional ships, one from CMA CGM in 2009 and two new buildings from German interests in 2010. Two of Global Ship's vessels are on charter to Zim, with the remainder to CMA CGM.