Independent journal on economy and transport policy
07:14 GMT+1
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The third quarter of the GSL container carrier charterer was positive
Net profit was $14.5 million (+25.7%)
November 9, 2020
"During the second half of 2020," he said. commented the executive chairman of GSL, George Youroukos - the containerised maritime transport sector showed a resilience, discipline in tariffs and capacity management, as well as surprisingly high demand. In recent months, he noted, the volumes of containerised goods rebounded dramatically, with noles that in different markets of traffic have reached record levels. The resulting demand for container container has led to a level of capacity unused worldwide of less than 2%, without any available capacity for our main segment of the post-Panamax of medium size, and resulted in the doubling of the noles compared to spring 2020 lows. In this context - he explained Youroukos - we have successfully concluded numerous new rental contracts and extension of contracts at interesting for our entire container fleet that are efficient in terms of slot cost, reefer capacity and fuel consumption.' GSL expects that, despite the crisis covid-19 continues to be a source of uncertainty, the positive period for the ship rental sector the accounting carrier will continue.
In the first nine months of 2020, the company's revenues were increased by +10.0% to $212.8 million compared to 193.5 million in the period January-September last year Year. The almost general increase in operating cost items led to a -6.3% drop in operating profit, which was was $78.9 million. Net profit was $29.6 million (-4.9%).
Currently the GSL fleet consists of 43 container container capacity between 2,200 and 11,000 teu.
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"During the second half of 2020," he said. commented the executive chairman of GSL, George Youroukos - the containerised maritime transport sector showed a resilience, discipline in tariffs and capacity management, as well as surprisingly high demand. In recent months, he noted, the volumes of containerised goods rebounded dramatically, with noles that in different markets of traffic have reached record levels. The resulting demand for container container has led to a level of capacity unused worldwide of less than 2%, without any available capacity for our main segment of the post-Panamax of medium size, and resulted in the doubling of the noles compared to spring 2020 lows. In this context - he explained Youroukos - we have successfully concluded numerous new rental contracts and extension of contracts at interesting for our entire container fleet that are efficient in terms of slot cost, reefer capacity and fuel consumption.' GSL expects that, despite the crisis covid-19 continues to be a source of uncertainty, the positive period for the ship rental sector the accounting carrier will continue.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
