Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Global Ship Lease Inc (N:GSL)

Business Focus: Deep Sea Freight

Sector:  Industrials Industry:  Marine Freight & Logistics
 
See Regulatory Filings on SEC
Company Contact
Address: 25 Wilton Road
LONDON SW1V 1LW
Tel: 1-646-6739701
Website: www.globalshiplease.com
IR: See website
Key People
George Giouroukos
Executive Chairman of the Board
Ian J. Webber
Chief Executive Officer
Anastasios Psaropoulos
Chief Financial Officer
Thomas A. Lister
Chief Commercial Officer, Head of ESG
   
Business Overview
Global Ship Lease, Inc. is a United Kingdom-based containership owner, leasing ships to container shipping companies under industry-standard, fixed-rate time charters. The Company focuses on mid-size Post-Panamax and smaller containerships. As a containership owner, its business is both procyclical with chartered tonnage and counter-cyclical with sale and lease-back structures. The Company owns 68 containerships, ranging from 2,207 to 11,040 TEU, with a combined capacity of 375,406 TEU. 36 ships are wide beam Post-Panamax. The mix of ship sizes within its fleet provides flexibility to deploy its vessels on a range of trading routes. Its portfolio of vessels includes CMA CGM Thalassa, ZIM Norfolk, Anthea Y, ZIM Xiamen, MSC Tianjin, MSC Qingdao, GSL Ningbo, GSL Alexandra, GSL Effie, GSL Lydia, GSL Sofia, GSL Kalliopi, GSL Grania, GSL Eleni, Mary, Kristina, Katherine, Alexandra, Alexis, Olivia I, CMA CGM Berlioz, Agios Dimitrios, and GSL Christel Elisabeth, among others.
Financial Overview
For the fiscal year ended 31 December 2023, Global Ship Lease Inc revenues increased 5% to $674.8M. Net income applicable to common stockholders increased 4% to $295M. Revenues reflect Time charter revenue increase of 10% to $666.7M. Net income was partially offset by Impairment of vessels increase from $3M to $18.8M (expense), Fair Value Adjustments on Other Assets decrease from $9.7M (income) to $5.4M (expense).