RTTNews | Jun 9, 2021 10:01AM EDT

10:00 Wednesday, June 9, 2021 (RTTNews.com) - Shares of Global Ship Lease Inc. (GSL) touched a 52-week high of $19.68 Wednesday morning, and are currently trading at $19.50, up $2.48 or 14.57%, with trading volume of over 434K versus an average volume of 436K shares.

The company said it agreed to purchase 12 containerships from Borealis Finance LLC with an average size of about 3,000 TEU and a weighted average age of 11 years for an aggregate purchase price of $233.9 million.

The ships are all on charter with leading liner operators, with remaining charter durations of three to 25 months. With these additions, the company's fleet will comprise 62 containerships with a total capacity of 322,770 TEU, making Global Ship Lease the eighth largest non-operating owner of containerships by TEU capacity.

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