Independent journal on economy and transport policy
06:29 GMT+1
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Global Ship Lease has concluded 2015 with a net loss of -31,9 million dollars
The liabilities are generated by the reduction of the value of two ships
March 4, 2016
Global Ship Lease (GSL), society that has a fleet of 18 portacontainer, of which 15 rented to the French shipowning group CMA CGM that is the shareholder of reference of the same GSL of which it possesses 44.72% of the capital, clearly has archived item the 2015 with a net loss of -31,9 million dollars respect to a profit of 5,0 million dollars in the exercise anniversary precedence. The result negative last year is generated by burdens non-cash of reduction of the value relative pairs to 44,7 million dollars to two ships recorded as asset in dismissione in the third trimester of 2015. The operating profit is piled to 19,2 million dollars, with a bending of the -54,5% regarding 2014. The revenues are increased of +19.0% attesting itself to 164,9 million dollars.
The managing director of Global Ship Lease, Ian Webber, has evidenced the lead positive actions from the company in the course of 2015, in particular widening the fleet, making sure charterings in the long term and eliminating the exposure regarding the market ad. "Even if we continue to remain optimistic about the perspectives in the long term of our activity and continue to being supported from our strategic attention regarding pluriennali contracts with primary counterparts - it has specified Webber - we are however absolutely aware of the current deep crisis that characterizes the entire field of the containerized marine transport. In the light of this our board of directors has assumed the difficult decision to cancel the dividend and to also focus the allocation of the capital on a proattiva reduction of our indebtedness continuing to pursue acquisitions of interest that will in the long term increase the returns produced from contracts. We consider that this conduct will place us at best not only in order to operate in the course of this crisis of the field, but also in order in the long term to create the greater return for the shareholders taking advantage of fully the opportunities on hand of a shipowning society with a solid budget and ability to investment in the current difficult scene".
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Global Ship Lease (GSL), society that has a fleet of 18 portacontainer, of which 15 rented to the French shipowning group CMA CGM that is the shareholder of reference of the same GSL of which it possesses 44.72% of the capital, clearly has archived item the 2015 with a net loss of -31,9 million dollars respect to a profit of 5,0 million dollars in the exercise anniversary precedence. The result negative last year is generated by burdens non-cash of reduction of the value relative pairs to 44,7 million dollars to two ships recorded as asset in dismissione in the third trimester of 2015. The operating profit is piled to 19,2 million dollars, with a bending of the -54,5% regarding 2014. The revenues are increased of +19.0% attesting itself to 164,9 million dollars.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
