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). |