Global Ship Lease has expanded its fleet while improving its profit.

The Ian Webber-led boxship owner has agreed to buy three 7,849-teu boxships, all built in 2004, for a total price of $48.5m.

The three vessels are the GSL Eleni, GSL Kalliopi and GSL Grania, the company announced today. GSL did not disclose the seller.

GSL Eleni began a five-year fixture with Maersk Line upon delivery in May 2019.