Global Ship Lease, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 04, 2024 at 08:00 am EST
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Global Ship Lease, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 178.89 million compared to USD 165.02 million a year ago. Net income was USD 67.05 million compared to USD 75.01 million a year ago. Basic earnings per share from continuing operations was USD 1.84 compared to USD 2.01 a year ago.
For the full year, revenue was USD 674.8 million compared to USD 645.65 million a year ago. Net income was USD 304.5 million compared to USD 292.93 million a year ago. Basic earnings per share from continuing operations was USD 8.33 compared to USD 7.74 a year ago.
Global Ship Lease, Inc. is a United Kingdom-based containership owner, leasing ships to container shipping companies under industry-standard, fixed-rate time charters. The Company focuses on mid-size Post-Panamax and smaller containerships. As a containership owner, its business is both procyclical with chartered tonnage and counter-cyclical with sale and lease-back structures. The Company owns 68 containerships, ranging from 2,207 to 11,040 TEU, with a combined capacity of 375,406 TEU. 36 ships are wide beam Post-Panamax. The mix of ship sizes within its fleet provides flexibility to deploy its vessels on a range of trading routes. Its portfolio of vessels includes CMA CGM Thalassa, ZIM Norfolk, Anthea Y, ZIM Xiamen, MSC Tianjin, MSC Qingdao, GSL Ningbo, GSL Alexandra, GSL Effie, GSL Lydia, GSL Sofia, GSL Kalliopi, GSL Grania, GSL Eleni, Mary, Kristina, Katherine, Alexandra, Alexis, Olivia I, CMA CGM Berlioz, Agios Dimitrios, and GSL Christel Elisabeth, among others.
GLOBAL SHIP LEASE, INC. 
