Global Ship Lease
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Our strategy is to outsource the day-to-day technical management of our vessels to well-established ship managers with considerable expertise.
Strategic benefits for charterers and shareholders. GSL's outsourcing strategy allows us to accommodate the ship management preferences of our customers, while strengthening competitive benchmarking, effective cost control and risk management.
Expert ship management, closely supervised. The ship managers, closely supervised by GSL, are responsible for crewing, ship maintenance and repair, vessel provisioning, inspections and ensuring compliance with flag, class and other statutory and regulatory requirements necessary to support GSL's business. GSL is responsible for arranging hull and machinery insurance and protection and indemnity insurance for the vessels in its fleet. Together with the ship manager, GSL also arranges vessel dry dockings, which are typically required every five years.
Technical management of initial and contracted fleet. The ship management for the 17 ships in GSL's fleet on charter to CMA CGM is undertaken by CMA Ships. CMA Ships has a proven track record of providing quality and efficient operational services and currently manages over 60 container vessels owned by CMA CGM. Retaining CMA Ships as our initial ship manager has enabled us to ensure continuity of service and operational efficiency. Vessels deployed to charterers other than CMA CGM will not be managed by CMA Ships.
Capped operating costs. For the 17 vessels chartered to CMA CGM, GSL has capped operating cost arrangements in its ship management agreements with CMA Ships, further enhancing the Company's ability to control costs. The cap covers all aspects of day-to-day technical management, excluding costs for insurances and deductibles, dry docking and exceptional items.
