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Global Ship Lease acquires seven boxships for $116m

Charters with leading liner operators will generate attractive returns from the 20-year-old ships and back up GSL’s recently instated dividend for shareholders, says chairman George Youroukos

The company, which last month announced a refinancing of its 2022 bonds and instatement of a regular dividend for shareholders, plans to plough $40m of its existing cash into the acquisitions and finance the balance with bank debt

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