Global Ship Lease (GSL) has seen the charter of its 8,063-teu GSL Tianjin (built 2005) extended by CMA CGM for potentially up to 12 months.

However, the US-listed container leasing company has had to take a haircut of some 8.4% on the ship’s previous charter rate.

CMA CGM has extended its charter of the vessel for a minimum of eight months, with the option to extend to 12, at a fixed rate of $11,900 per day.