Global Ship Lease has invested a total of 90 million euros in dollars to buy three 8,600 TEU containerships built in Korea in 2010 and 2011 which underwent interventions to improve their environmental performance. GSL has announced that the three ships, which it expects to take delivery by the end of the year, are used under rental agreements with a primary shipping company at rates below market rates. The Contracts have a flexible duration, with the last deliveries scheduled in mid-2030. GSL also specified that, assuming that the full duration of the charters is reached, it is expected that will generate a total turnover of approximately 88 million dollars and pointed out that, at a ship scrapping price of 400 dollars per ton, ships would have a recycling value of about 40 million dollars.

Commenting on the acquisition, Global Executive's Chairman Ship Lease, George Youroukos, pointed out that these three ships "They are the cash cows of the future and - he underlined - we are happy to buy them at a price with connected rental, close to the current market value of a single non- rental: in fact, three for the price of one".