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 repairs, vessel provisioning, inspections and ensuring compliance with flag, class and other statutory and regulatory requirements necessary to support our business. GSL is responsible for arranging hull and machinery insurance and protection and indemnity insurance for each of our vessels. Together with the ship manager, we will also arrange vessel dry dockings, which are typically required every five years.
Technical management of initial and contracted fleet. The ship management for GSL's initial and contracted fleet of 17 ships 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 enables us to ensure continuity of service and operational efficiency.
Capped operating costs. We have capped operating cost arrangements in our ship management agreements with CMA Ships, further enhancing our ability to control costs and generate predictable cash flows. The cap covers all aspects of technical management, excluding costs for insurance, dry docking and accidents or incidents.
