Global Ship Lease, Inc. (NYSE:GSL) is looking for acquisitions. Georgios Youroukos, Executive Chairman said, "We have also continued to utilize our buyback authorization to repurchase our shares in the market on an opportunistic basis. We have demonstrated our ability to act on attractive acquisition opportunities when they meet our strict criteria.
Just as importantly, we have also demonstrated that we will be patient, selective and tightly focused on long-term value creation in doing so. We expect that increasingly attractive acquisition opportunities may arise as the cycle plays out, and we intend to be ready to move quickly when the time comes maintaining our resilience in the interim".
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. 
