The average remaining term of the charters at December 31, 2018 was 2.5 years on a TEU-weighted basis.
Our time charter portfolio as at December 31, 2018 is shown below.
1Rate increases to $13,000 per day from 26-January-2019
2Rate increases to $12,400 per day from 21-March-19, and to $18,000 per day from 21-September-19
3Thereafter, five years to CMA CGM at $25,910 per day
4Thereafter, option for four years at $20,000 per day, callable by GSL
5Rate increases to $11,500 per day from 15-August-19
6Option at $9,800 per day to 31-December-20 +/- 90 days, callable by GSL