Independent journal on economy and transport policy
07:45 GMT+1
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Global Ship Lease raises its quarterly revenue record again
The period April-June was closed with a net profit at 56.9 million dollars (+77.4%)
August 4, 2022
Commenting on the current market situation, the executive Chairman of GSL, George Youroukos, noted that, "as a result the almost continuous increase in freight rates since mid-2020, currently the rental market is in mode of expectation given that the elements of macro uncertainty have become more marked and renters are more inclined to acquire shorter rentals relative to the very limited number of ships that have entered the charter market. That said - youroukos - in recent weeks we have been very pleased to fix a certain number of our ships in multi-year charters and to continue to discuss with the charterers about the possible commitment relating to additional ships within the framework of our model of conservative business and not very prone to risk».
As for future prospects, Youroukos pointed out that, «in the medium and small classes in which we operate, in the years to come the growth of the offer will result modest compared to that for larger ships'.
To date, the GSL fleet consists of 65 container ships as of August 4, 2021 (including four ships that at that date were still to be taken over).
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Commenting on the current market situation, the executive Chairman of GSL, George Youroukos, noted that, "as a result the almost continuous increase in freight rates since mid-2020, currently the rental market is in mode of expectation given that the elements of macro uncertainty have become more marked and renters are more inclined to acquire shorter rentals relative to the very limited number of ships that have entered the charter market. That said - youroukos - in recent weeks we have been very pleased to fix a certain number of our ships in multi-year charters and to continue to discuss with the charterers about the possible commitment relating to additional ships within the framework of our model of conservative business and not very prone to risk».
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
