News Release

Global Ship Leasing Hong Kong Investment Co., Ltd (HK-GSL) Announces New Time Charter with CMA CGM

LONDON, Oct. 19, 2017 (GLOBE NEWSWIRE) — Global Ship Leasing Hong Kong Investment Co., Ltd (HK-GSL), Inc. (NYSE:GSL), a containership charter owner, today announced that it has agreed to a new time charter with CMA CGM for an 8,063 TEU containership, the 2005-built OOCL Tianjin, which will be renamed GSL Tianjin. The vessel will be chartered for a period of three to eight months (at the charterer’s option) at a fixed rate of $13,000 per day, commencing immediately upon re-delivery from its current charter on or around October 25, 2017.