Wednesday, December 9, 2009

Payments to Global Ship Lease delayed

This from Lloyd's List

CMA CGM lagging behind on payments

Rajesh Joshi - Wednesday 9 December 2009

GLOBAL Ship Lease has confirmed “increasing delays” in charterhire payments from CMA CGM, and raised doubts over the troubled French company’s ability to keep up with these payments.
GSL has also warned against the possibility that CMA Ships, which serves as GSL’s ship manager, and the rump CMA CGM have “conflicts of ...

That's all I've got. The rest is for paid subscribers, which I am not.
I presume the last sentence reads "conflicts of interest", which I have mentioned all along.

And from Fairplay

GLOBAL Ship Lease confirmed in a filing today that it faces pressures on multiple fronts, including delayed payments from charterer CMA CGM.

All of GSL’s fleet is on hire to CMA CGM, which is exploring restructuring.

Again, the rest is subscription.

It refers to a filing, so maybe there is something with the SEC.

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