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26 May 2022 The on-line newspaper devoted to the world of transports 15:47 GMT+2

May 9, 2022

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Global Ship Lease with the wind in its sails

The company believes that the outlook for the market of the rental of container ships are very positive

In the first three months of this year Global Ship Lease (GSL), the container rental company based in the Marshall Islands and a fleet of 65 ships, has again recorded record financial results above those totaled in the last quarter of 2021. In the first three months of 2022 revenues amounted to $153.6 million, with a increase of +110.5% on the same period last year, of of which 140.8 million generated by chartering of ships in the fleet (+92,9%). Operating profit and net profit reached values record of $72.6 million (+.1,185.9%) and 70.2 million dollars (+1,587.5%).

George Youroukos, the executive chairman of Global Ship Lease, provides that, in view of the expected evolution of the market, the future prospects for the company will continue to be promising: «of the entire world rental fleet - has explained - currently the vast majority of container ship is used in the context of long charters term, with a consequent very reduced activity of the rental market. However those few rentals that there have been they continued to demonstrate how much the market is under pressure. For the future, we expect very limited supply growth for all container ships, with the exception of the most large, and a high probability of interruptions and supply chain congestions that, almost independently of the growth in demand, make us confident about our ability to continue to safeguard and increase in the long run term contracted and reliable revenues generated by our fleet of absolute quality».

ADSP Tirreno Centrale
PSA Genova Pra

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