GL

Global Ship Lease

GSL
NYSEIndustrials
$40.07
USD
+1.39(+3.59%)
At close: Jun 12, 20:00 UTC

Open

$39.95

Prev. Close

$39.95

High

$40.06

Low

$39.95

Market Snapshot

Market Cap

$1.44B

P/E Ratio

3.8

EPS

9.42

Revenue

$711.06M

Employees

7

About

Global Ship Lease, Inc. is a holding company, which owns and charters out containerships under long-term and fixed rate charters to container shipping companies. The firm is focused on mid-size Post-Panamax and smaller containerships which tend to serve the non-Mainlane and intra-regional trades. The firm takes a partnership approach with its customers, providing flexible chartering solutions which enable them to free up capital and management resources to focus on other strategic priorities. As a containership owner, its business is both pro-cyclical - with chartered tonnage used as a growth platform by liner shipping companies, and counter-cyclical - with sale and lease-back structures used by liner companies as a balance sheet management tool. The firm's fleet of 69 vessels has an average age weighted by TEU capacity of 17.5 years. 39 ships are wide-beam Post-Panamax. Its vessels include CMA CGM Thalassa, Zim Norfolk, Zim Xiamen, Anthea Y, Sydney Express, Istanbul Express, GSL Effie and Newyorker.

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