Independent journal on economy and transport policy
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Global Ship Lease closes an unforgettable year
Youroukos: The current phase discourages speculative orders that were an important feature of previous cycles of rise in the container ship market
March 2, 2022
In 2021, GSL's revenues amounted to €447.9 million dollars, with an increase of +58.4% on the previous year, of which 402.5 million in revenues on a time charter basis (+42.6%). Operating profit is piled to 237,5 million dollars (+126.7%) and the net profit to 171.5 million dollars (+312.8%). All values of these entries of the 2021 annual budget constitute record figures.
New historical peaks have been reached by these pure voices in the balance sheet of the last quarter of 2021 alone, which shows revenues equal to 153.5 million dollars (+119.4% on the same period of the 2020), of which 135.2 million in base time charter revenues (+94.4%), a operating profit of 82.2 million (+218.0%) and a net profit of 68.5 million dollars (+470.7%). It should be noted that in every quarter of the 2021 the values of these items broke quarterly records previously established, with the exception of the economic result only net recorded in the first quarter of 2021.
Global Ship Lease believes that the positive phase of the market in which work will continue in the future: "looking ahead - explained the executive president George Youroukos - i supply and demand fundamentals in the ship sector container ships seem destined to remain positive at least in the medium term, with congestion that should be an element constant and with the considerable needs to restore the stocks of products for sale that represent a substantial contribution to the overall demand. Despite a continuous recovery in activities global economic, with positive implications for trade commercial containerized - youroukos also noted - in the next two years the delivery of a number is planned limited of new ships in our small and medium classes capacity. The combination of the rising costs of the new constructions, a distant delivery window caused by the shortage of shipyard capacity and continued uncertainty on long-term environmental regulations and Propulsion are discouraging speculative orders that were an important feature of previous cycles of rise in the market for container ships'.
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In 2021, GSL's revenues amounted to €447.9 million dollars, with an increase of +58.4% on the previous year, of which 402.5 million in revenues on a time charter basis (+42.6%). Operating profit is piled to 237,5 million dollars (+126.7%) and the net profit to 171.5 million dollars (+312.8%). All values of these entries of the 2021 annual budget constitute record figures.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
