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20 November 2017 The on-line newspaper devoted to the world of transports 16:29 GMT+1

October 20, 2017

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Original news
Ship Lease has closed the third trimester with a profit clearly of
8,9 million dollars
stable Revenues

Ship Lease (GSL) has closed the third trimester of the 2017 with a profit clearly of 8,9 million dollars respect to a net loss of -23,7% in the correspondent period last year. The society, that it has center to the Marshall Islands, is quoted to the Stock exchange of New York and is owner of a fleet of 18 portacontainer rented to other companies, has recorded revenues pairs to 41,1 million dollars, analogous figure to that of the period July-september of 2016, and an EBITDA rectified of 29,3 million dollars regarding 28,1 million dollars in the third trimester last year.

In the first nine months of this year the revenues are piled to 121,1 million dollars regarding 125,1 million in the period January-september of 2016. The EBITDA rectified has shown a decrease of the -1% coming down to 85,4 million dollars and the economic result clearly has been of positive sign and pairs to 22,5 million dollars respect to a net loss of -13,1 million dollars in the first nine months last year.

Of the 18 ships of the fleet of the company, that they have a containerized cargo ability total pairs to 82.312 teu, 15 are rented to the French shipowning company CMA CGM that possesses 44% of the capital stock of the same Global Ship Lease (21% is stopped by leaders of the remaining GSL and 35% from other shareholders).

While Global Ship Lease has announced the start of an offer of backed notes with expiration in 2022 for the total ones 360 million dollars explaining that the proceeds will be used mainly in order to refinance obligations with expiration in 2019.

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