Global Ship Lease (GSL) is a containership lessor, publicly traded since 15th August 2008 on the New York Stock Exchange - ticker: GSL.
We are a Marshall Islands Corporation with administrative offices in London. We own a fleet of containerships that are leased out under long-term, fixed-rate time charters.
Our mission is to be a preferred provider of quality chartered containership tonnage for top tier liner shipping companies, with a business model that generates sustainable cash flows.
Our time charters provide a cost effective alternative to direct vessel ownership for our liner shipping customers, allowing them to free up capital and management resources for other strategic needs.
Container shipping forms an integral part of the infrastructure underpinning globalization. Although the container shipping sector suffered a significant downturn in 2008 and 2009, as a result of disruption in trade flows caused by global economic upheaval, and is facing some challenges from macroeconomic headwinds in 2012, the industry has shown substantial growth over the long-term. From 1997 to 2007, containerized trade grew at an average compound rate of approximately 10% per year. This growth has been further compounded in the containership leasing sector by the trend towards the disaggregation of asset ownership and asset operation.
GSL is well positioned to capitalize upon mid to long-term opportunities within this dynamic space.
May 9, 2013 at 10:30 AM ET
Mar 11, 2013 at 10:30 AM ET