Our Competitive Strengths
GSL's competitive strengths will allow us to successfully execute our business strategy and deliver on our value proposition both to our shareholders and customers.
Cost effective.
GSL's business model drives operational and financing efficiencies and maximizes the quality of our service offering. We outsource selected activities to quality service providers, allowing us to keep our overheads low and scaleable;
Strong financing partner.
We have an US$800 million credit facility in place, financed by a group of banks with long track records in the shipping sector. Through Michael Gross, a member of the GSL Board and the chairman and chief executive officer of Marathon Acquisition Corp., with whom we merged, we believe we can leverage considerable financial expertise and relationships throughout the U.S. capital markets;
Appropriate asset mix.
The composition of GSL's fleet is designed to meet the needs of our customer base. The diversity of GSL's fleet will allow our vessels to operate on different trading routes and offer increased flexibility in the re-charter market;
Full service solution.
GSL provides timecharters, which combine full financing and technical management of vessels, allowing liner companies to manage their balance sheets and free up strategic capital and management resources for other core activities;
Broad service offering.
We offer both the back-to-back purchase and charter of newbuildings, and the purchase and charter-back of existing tonnage;
Experienced management team.
GSL's management team has an aggregate of over 40 years of experience within the shipping industry including within liner shipping and ship finance. this affords us an in-depth understanding of the needs of our customer base. Further strengthened and supported by the GSL Board, we have access to the experience and network of industry relationships to identify future acquisitions and charter opportunities and expand our customer base.
Reputable and expert ship management.
We will work with different reputable and expert third party ship managers. This will allow us to cater to the ship manager preferences of our customer base while also benefiting from economies of scale and expertise. Furthermore, it will help us to enhance risk management and benchmark costs and best practices;