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Global Ship Lease Reports Results For The Fourth Quarter Of 2010

Fleet

The following table provides information about the on-the-water fleet of 17 vessels chartered to CMA CGM.

Vessel Name Capacity in TEUs (1) Year Built Purchase Date by GSL Approximate Charter Remaining Duration (years) (2) Daily Charter Rate
Ville d'Orion 4,113 1997 December 2007 2.00 $28,500
Ville d'Aquarius 4,113 1996 December 2007 2.00 $28,500
CMA CGM Matisse 2,262 1999 December 2007 6.00 $18,465
CMA CGM Utrillo 2,262 1999 December 2007 6.00 $18,465
Delmas Keta 2,207 2003 December 2007 7.00 $18,465
Julie Delmas 2,207 2002 December 2007 7.00 $18,465
Kumasi 2,207 2002 December 2007 7.00 $18,465
Marie Delmas 2,207 2002 December 2007 7.00 $18,465
CMA CGM La Tour 2,272 2001 December 2007 6.00 $18,465
CMA CGM Manet 2,272 2001 December 2007 6.00 $18,465
CMA CGM Alcazar 5,100 2007 January 2008 10.00 $33,750
CMA CGM Château d'If 5,100 2007 January 2008 10.00 $33,750
CMA CGM Thalassa 10,960 2008 December 2008 15.00 $47,200
CMA CGM Jamaica  4,298 2006 December 2008 12.00 $25,350
CMA CGM Sambhar  4,045 2006 December 2008 12.00 $25,350
CMA CGM America 4,045 2006 December 2008 12.00 $25,350
CMA CGM Berlioz 6,627 2001 August 2009 10.75 $34,000
(1)  Twenty-foot Equivalent Units.
(2) Information is as of 12/31/2010.

In addition, the Company has options to purchase two further vessels as follows.

Vessel Name Capacity in TEUs (1) Year Built Potential Delivery Date Charterer Charter Duration (years) Daily Charter Rate
Zim Alabama (2) 4,250 2010 December 2011 ZIM 6-7 (3) $28,000
Zim Texas (2) 4,250 2011 January 2012 ZIM 6-7 (3) $28,000
             
(1)  Twenty-foot Equivalent Unit.
(2)  Option to purchase from German interests for a payment of $61.25 million per vessel.
(3)  Six-year charter from December 2011/January 2012 that could be extended to seven years at charterer's option.  

Conference Call and Webcast

Global Ship Lease will hold a conference call to discuss the Company's results for the three months ended December 31, 2010 today, Tuesday, March 8, 2011 at 10:30 a.m. Eastern Time. There are two ways to access the conference call:

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