New York-listed Global Ship Lease (GSL) is to target further boxship buys with a new loan.
The owner said funds associated with Hayfin Capital Management and Breakwater Capital are providing $65m for the acquisition of additional feeder vessels.
The facility can be drawn down during an eight-month period from now, and reaches maturity in July 2022.
CEO Ian Webber said: “I am pleased to announce the establishment of this growth credit facility, which significantly increases our ability to grow at a time when feeder containerships remain at a substantial discount to both long-term average values and newbuild price parity.
