Our Business Strategy
At GSL, we create value for our investors by distributing a substantial portion of our operating cashflow while building a solid foundation for future profitability and growth.
Our business strategy is directed by a vision to be the preferred provider of chartered containership tonnage to top tier liner shipping companies. In accomplishing this objective we intend to provide sustainable growth in distributable cash flows for our shareholders.
Utilize reputable and expert ship manager partners.
GSL will continue to outsource, under close supervision, the technical management of our fleet to well-established ship managers with considerable expertise. This approach also allows us to tailor ship management to the preferences of our charterers and further facilitates effective cost control and risk management;
Maintain financial strength and flexibility.
We intend to preserve financial strength and flexibility so as to be able to take advantage of expansion opportunities at the appropriate time. In support of our growth plan, we have an US$ 800 million credit facility already in place;
Be cost competitive.
GSL will continue to actively manage its capital structure and operating cost base to eliminate inefficiences and minimize the blended costs of our service offering.
Focus on long-term fixed rate charters.
We will continue to enter into long-term, fixed-rate charters with reputable container shipping companies, in order to generate stable and predictable cash flows;
Capitalize on accretive acquisitions.
GSL intends to acquire vessels deployed on charters that are accretive to distributable cash flows, meet stringent technical quality requirements, comply with targeted return thresholds and complement the scope of our service offering and portfolio approach to risk management;
Expand our customer base.
GSL's initial charterer is CMA CGM, which is the third largest liner shipping company in the world and rated BBB-/Ba1 by Standard & Poor's / Moody's. We intend to expand this charterer base, capitalizing on our understanding of the industry and the long term relationships of our management team and board members throughout the container shipping industry;
Maintain a diverse fleet of containerships.
A modern and well maintained fleet reduces off-hire days and operating costs and improves safety. We intend to maintain our fleet to high standards ensuring we have a fleet of geared and gearless containerships, across a range of size categories, to meet the diverse needs of our customer base;