News / GSL the latest shipowner to take a hit as carriers strip panamaxes from their fleets

© Khunaspix Dreamstime.

New York Stock Exchange-listed containership owner Global Ship Lease (GSL), whose fleet of 17 boxships are all on charter to CMA CGM, may soon be seeking new employment for two of its panamax vessels or may be forced to sell or put them into lay-up.

The time-charters for the vessels with the French carrier expire at the end of March and the carrier has indicated that it will not seek to extend the charters.

The Marshall Islands-incorporated GSL, in which CMA CGM ...