Global Ship Lease has moved swiftly to secure employment for an 8,000-teu containership, but has been forced to take a substantial rate cut.

CMA CGM has agreed to take the 8,063-teu OOCL Tianjin (built 2005) for three to eight months at a fixed rate of $13,000 per day.

The New York-listed containership leasing company, which is 45% owned by CMA CGM, says the vessel will be renamed GSL Tianjin.