By Gary Dixon. The ship charterer Global Ship Lease Inc. (NYSE: GSL) reported higher earnings and revenue for the third quarter of 2019 when compared with the same period last year.GSL also said it is optimistic . Charter rate of $12,500 per day to 2Q22, followed by 12 months at option of charterer at $20,000 per day. Global Ship Lease raises dividend as world boxship fleet reaches 'full employment' Rates are 'significantly higher' on all the charters and the market is still evolving, according to the company Initial short charter to Wan Hai, until 3Q/4Q21; thereafter a charter to Maersk to 3Q/4Q24, with options for the charterer to subsequently extend the charter up until the ship’s next scheduled special survey & drydocking. The ships are scheduled for delivery during Q3/21. in London. Market Activity. Found inside – Page 209fleets. work. to. meet. rising. demand. Under the new cabotage rule, which came into force in May 2011, all foreign ships working in Indonesian waters must ... As informed, the ship septet will be purchased for an aggregate price of $116 million. ",#(7),01444'9=82. Chartered to OOCL at $9,400 per day through 3Q21; thereafter to be chartered to CMA CGM at $25,000 per day. The pandemic has created complexities that have . 32 ships are wide-beam Post-Panamax. ConChart’s strong and well-established commercial network has allowed us to significantly diversify our chartering relationships, extending our commercial outreach and maximizing commercial uptime for our ships - while also minimizing fixed overheads. London-headquartered containership owner Global Ship Lease (GSL) has sealed a deal with Borealis Finance to acquire 12 containerships for a total of $233.9m. 1 0 obj To remind, the 75th session of the IMO's Marine . Vanguard Group announced significant price cuts for its fleet of target-date retirement funds this week. <> Found inside – Page 649Because of this , the global shipping fleet emits approximately 3 % of carbon ... chartering contract model where ship owners will lease their shipping ... . Global Ship Lease owns 49 containerships and has contracted to purchase a further 17 ships, ranging from 1,118 to 11,040 TEU, with a total capacity (when fully delivered) of 344,650 TEU. Found inside – Page 779See Asiatic Fleet , U.S. U.S. Forces in the Philippines , 176 U.S. ... 542 , 543 on civilian versus military control of lend - lease aid , 76–77 goal of ... * global ship lease announces fleet update * global ship lease - received updated broker valuations of its 18 vessels reflecting appraised values as at sept 19 of $262.5 million (excluding . Found inside – Page 214Most commercial fishing fleets were diminished due to wartime resource ... restore the US fishing fleets to their pre–World War II levels, the new ships far ... Expands fleet amid strengthening market for mid-sized and smaller containerships . The ship was delivered late-April 2021. As at August 31, 2021, Global Ship Lease owns 61 containerships, ranging from 1,118 to 11,040 TEU, and has contracted to purchase a further four ships, for a total fleet of 65 ships with an . Incorporated in the Marshall Islands, Global Ship Lease commenced operations in December 2007 with a business of owning and chartering out containerships under fixed-rate charters to top tier container liner . Found inside – Page 78As of July 1, 2006, the world fleet of container vessels includes 3,708 ships, with a total capacity 8.7 million TEU. The global order book of 1,130 ships ... And secondly, until the . United Kingdom. Rate of $16,000 per day to 4Q21; then direct continuation at $35,500 per day to 4Q26 (median), Chartered to Hapag-Lloyd at $14,500 per day to 4Q21; then new charter to CMA CGM at $35,500 per day to 4Q26 (median), Chartered to Maersk at $12,000 per day through September 2021; thereafter extended at $37,975 per day. Initial short charter to ONE, until 3Q/4Q21; thereafter a charter to Maersk to 3Q/4Q24, with options for the charterer to subsequently extend the charter up until the ship’s next scheduled special survey & drydocking. The mix of ship sizes within our fleet provides flexibility to deploy our vessels on a wide range of trading routes. Found inside – Page 96... ExxonMobil Canada and Imperial Oil bought the most expensive lease in the ... ships is at 152 , which would increase the worldwide fleet of vessels of ... The ships are all on a charter with leading liner operators, with the remaining charter duration of three to 25 months. Susan Cook - CFO. Thereafter, new charter with OOCL to 1Q22 (assuming median delivery) at a new rate of $24,500 per day. Found inside – Page 208When is it practical for the Department of Defense to own its ships versus leasing its ships and are we headed in the right direction to meet future global ... With these additions, the Company's fleet will comprise 62 containerships with a total capacity of 322,770 TEU, making Global Ship Lease the eighth largest non-operating owner of containerships by TEU . A vehicle upfit is defined as "to customize a vehicle by adding extra features.". //-->/Metadata 3471 0 R/ViewerPreferences 3472 0 R>> With these additions, Global Ship Lease's fleet will comprise 66 vessels with a total capacity of 344,650 TEU. We provide corporate fleet management services - rendering total management of client's transportation structure and systems. Global Ship Lease expects to fund the purchase price with cash on hand and senior secured debt. Bulbous bow optimized for fuel efficiency at low operating speeds. Technomar is paid a fixed daily fee for each vessel under management, which covers both technical management and supplementary services. During the initial firm charter period (pre-options) the ship is contracted at a rate expected to generate annualized EBITDA of approximately $4.1 million. Found inside – Page iThis book is open access under a CC BY NC ND 4.0 license. The mix of ship sizes within our fleet provides flexibility to deploy our vessels on a wide range of trading routes. Hull optimized for fuel efficiency at lower operating speeds. Charter rate for option period is $18,900 per day. Technomar was established in 1994 and, as at December 31, 2019, had 93 ships under management. ConChart was established in 2010 and has a team of specialist chartering and sale and purchase brokers. %PDF-1.7 Zacks Equity Research 09/24/2021 11:50 AM ET. The New York-listed company May 11, 2021 Global Ship Lease raises dividend as world box ship fleet reaches 'full employment' In announcing its review, S&P cited improving market conditions, positive momentum for . Shares of the company have appreciated 79% over the past six months. As at August 5, 2021, Global Ship Lease owns 61 containerships, ranging from 1,118 to 11,040 TEU, and has contracted to purchase a further four ships, for a total fleet of 65 ships with an . Grant Rowles September 25, 2019. As at August 31, 2021, Global Ship Lease owned 61 containerships, ranging from 1,118 to 11,040 TEU, and had contracted to purchase a further four ships, for a total fleet of 65 ships with an . Tags. Found inside – Page 779See Asiatic Fleet , U.S. U.S. Forces in the Philippines , 176 U.S. ... 542 , 543 on civilian versus military control of lend - lease aid , 76–77 goal of ... Global Ship Lease grows fleet with Post-Panamax septet. Found inside... Global Supply Chain Solutions Water: Deep Sea Shipping: Inland Shipping: ... The fleet management solutions segment provides full service leasing, ... 8 0 obj ~. The company owns and charters out containerships under long-term, fixed-rate charters to container liner companies. Found inside – Page 8Ltd 377 First Ship Lease Ltd 1325 Flaxenviks Rederi H / B 1213 First Shipping Agency Co. Ltd 1244 Flaxton Trading Ltd 809 First Star Transport 993 Fleet ... SSY: IMO measures fail to speed up global fleet rejuvenation. Global Ship Lease is a leading independent owner of containerships with a diversified fleet of mid-sized and smaller containerships. LONDON, June 18, 2018 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL ) (the "Company"), a containership charter owner, announced today that the Company has taken delivery of a 2005-built, 2,800 TEU containership, now named GSL Valerie . Add in medium- and heavy-duty aftermarket products, and the . As at August 31, 2021, Global Ship Lease owned 61 containerships, ranging from 1,118 to 11,040 TEU, and had contracted to purchase a further four ships, for a total fleet of 65 ships with an . Fleet. Global Ship Lease owns 49 containerships and has contracted to purchase a further 13 ships, ranging from 1,118 to 11,040 TEU, with a total capacity (when fully delivered) of 322,770 TEU. Found inside – Page 147For example, 3 ship-years of global-class vessel time would require that the ... to the UNOLS fleet or leasing comparable vessels on the commercial market. Technomar is committed to high-quality safety management and environmental best practices, and holds the following certifications: In addition to technical management and crewing of the ships themselves, Technomar also provides - under the supervision of the Global Ship Lease management team - a series of supplementary services which allow us to minimize our fixed overheads. endobj $.' Ship has sufficient onboard power to support significant up-sizing of reefer capacity. Technomar was established in 1994 and, as at . Technical management of the Global Ship Lease fleet is handled by a specialist third party ship manager, Technomar Shipping, Inc. Found inside – Page 689... reason- ships to be diverted to other services ing that commencement of ... of the Soviet lend - lease fleet on the Though negotiations continued after- ... Global Ship Lease, Inc. (NYSE:GSL) announced yesterday that it has received updated broker valuations of its 18 vessels that reflect aggregate appraised values as at September 19, 2017 of $262.5 million (excluding charters) and $481.0 million (including charters). 1.7 MB. Global Ship Lease, currently carrying a Zacks Rank of 2, is based in London. Chartered to Maersk to 2Q/3Q24, with options for the charterer to subsequently extend the charter up until the ship’s next scheduled special survey & drydocking. <> Global Ship Lease Reports Results for the . Approximately $14.1 million of Adjusted EBITDA is expected to be generated for the median period remaining on the charter from June 30, 2020. 32 ships . Found inside – Page 185More Chinese ship-financing capabilities similarly permit the government to expand its merchant fleet through various lend-lease models, in addition to ... The stock ranged from a high of $25.29 to a low of $24.25 while document.write((new Date()).getFullYear()); 23 August 2021 8:47 GMT Updated 23 August 2021 15:39 GMT. Analysts. Charter extended in direct continuation. Global Ship Lease, Inc. (NYSE:GSL) Q1 2014 Earnings Conference Call April 30, 2014 10:30 AM ET Executives. As at August 5, 2021, Global Ship Lease owns 61 containerships, ranging from 1,118 to 11,040 TEU, and has contracted to purchase a further four ships, for a total fleet of 65 ships with an . The company will raise $70.2 . Caption: Container ship OOCL Tianjin - Image courtesy of Alex S. The valuations give effect to the Company's previously announced . Time Charter Equivalent*. IBD Partners. Global Ship Lease, Inc. (NYSE:GSL) Q1 2014 Earnings Conference Call April 30, 2014 10:30 AM ET Executives. Chartered to MSC at a rate of $8,000 per day through 1Q2021; thereafter, on completion of drydocking in May 2021, Newyorker will be chartered to CMA CGM extended at a rate of $20,700 per day. The United States has enduring national and strategic interests in the polar regions, including citizens living above the Arctic circle and three year-round scientific stations in the Antarctic. %���� Ship has sufficient onboard power to support significant up-sizing of reefer capacity, Ship has sufficient onboard power to support significant up-sizing of reefer capacity. Susan Cook - CFO. Chris Snyder . Technomar is part-owned by our Executive Chairman, George Youroukos. 4 0 obj The company owns and charters out containerships under long-term, fixed-rate charters to container liner companies. (�G�+��� Found inside – Page 97Because of the variety of leasing contracts it can be difficult to trace ... of the Itel fleet in late 1990 , owns more than 30 % of the world's lease fleet ... 2020. Global Ship Lease will hold a conference call to discuss the transaction on October, 30, 2018 at 10:00 a.m. Eastern Time. Global Ship Lease Declares Quarterly Dividend on its 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares. Found inside – Page 80MNC Interests Global shipping as an industry can be understood as ... For example, MNCs that primarily own and operate their own fleet shoulder the cost of ... The ship was delivered late-April 2021. Global Ship Lease currently owns a fleet of 40 containerships, ranging from 2,207 teu to 11,040 teu. The author outlines the economic theory as well as many of the operational practicalities involved. Extensively revised for the new edition, the book has many clear illustrations and tables. Prior to our merger with Poseidon Containers in November 2018, Global Ship Lease had chartering relationships with four charterers: CMA CGM, Maersk, OOCL, and Sea Consortium. This is not just an excellent book, but an excellent book by those who know what they are talking about. Prepare to lose some sleep. Global Ship Lease owns 18 vessels with a total capacity of 82,312 TEU and an average age, weighted by TEU capacity, at August 31, 2017 of 12.7 years. Chartering; S&P / Newbuilding Market; Demolition Market; Other Global Ship Lease said the acquisition strengthens its position in the market with this high-specification vessel at an attractive price. Found inside – Page 542... Assignments of ship mortgage, insurances & earnings Debt providers Special purpose vehicle Fleet owner arranges “sale and leaseback” Effective control ... Thereafter a 28 – 32 months charter with MSC at $22,500 per day. <> There are two ways to access the conference call: (1) Dial-in: (877) 445 . In addition to relevant developments in 2016 and the first half of 2017, this year's edition of the Review also features a special chapter on maritime transport connectivity, reflecting the prominence of physical and electronic connectivity ... Found inside – Page 84... and diversified global network of shipping lines and shore-side facilities. ... fleets during the 1990s, either by forming and managing bulk shipping ... The containership fleet of MPC Container Ships serves charterers and port calls worldwide. The company expects to pay for the ships with $40 . document.write((new Date()).getFullYear()); Global Ship Lease is a containership charter owner. Led a multifunctional team of 22, responsible for Procurement, Safety / Security and Quality, Technical and Finance. Entrusted by top senior management in HQ to manage the entire Global Ship Lease fleet of 17 container ships with unto 11,000TEU. Found inside – Page 58Florens remained as the second largest container leasing company and its container fleet reached 1,621,222 TEUs with a global market share of approximately ... Found inside – Page 166The company is Global Ship Lease Inc. It will own and charter out ... Flemming's aim is to grow our fleet , which we will , and that is exactly what ... x��S]k�0}7�?�G�,ҽ�$;P Under an agreement signed with an undisclosed party, the containerships will be bought for an aggregate price of USD 48.5 million. Seaspan Corp., which reported revenue of US$819 million in fiscal 2015, a 14.2% increase over 2014, now has a fleet of more than 100 container ships and a staff of approximately 3,000. Global Ship Lease Q4 2020 . S&P upgrade a 'major affirmation' of Global Ship Lease growth strategy. Found inside – Page 76In return, shipping lines' strategies and operational practices will affect empty container movements, e.g. fleet sizing, container leasing, ... Global vehicle leasing market is likely to register impressive growth, reaching $173.35 billion in revenue by the end of 2021, finds Frost & Sullivan SAN ANTONIO, Sept. 28, 2021 /PRNewswire/ — Frost & Sullivan's recent analysis finds that the global vehicle leasing market faced one of its worse years in 2020 with challenges such as low . One of the world's leading ship leasing companies. Fleet and charter data last updated August 5, 2021. With the transition of technical management to Technomar, our average daily OPEX per vessel was reduced by almost 5%, from $6,420 in 2018 to $6,128 in 2019. Global Ship Lease, currently carrying a Zacks Rank of 2, is based in London. As at August 31, 2021, Global Ship Lease owned 61 containerships, ranging from 1,118 to 11,040 TEU, and had contracted to purchase a further four ships, for a total fleet of 65 ships with an . Escalating charter rate, with average rate (assuming median charter term) of $12,830 per day through May 2021. Please find additional information below. <> Incorporated in the Marshall Islands, Global Ship Lease . Ships fitted with “scrubbers” (Exhaust Gas Cleaning Systems) are permitted to burn fuel with a higher Sulphur content, while still complying with IMO 2020 emission regulations, GSL © Prior to our merger with Poseidon Containers in November 2018, the Global Ship Lease fleet was managed by three independent ship managers. FLEET MANAGEMENT AT ITS BEST. Health, Safety, Quality, and Environment (HSQE). Found inside – Page 12FUTURE NATIONAL NEEDS NOAA's fleet capability needs should be considered in ... in national efforts to pursue global ocean research, coastal oceanography, ... 32 ships . The 12 vessels have an average size of . endobj Global Ship Lease owns 61 containerships, ranging from 1,118 to 11,040 TEU, and has contracted to purchase a further four ships, for a total fleet of 65 ships with an aggregate capacity of 342,378 TEU. ConChart is paid industry-standard brokerage for chartering and sale and purchase transactions performed on behalf of Global Ship Lease. All 18 vessels are currently fixed on time . ConChart is owned by our Executive Chairman, George Youroukos. Global Ship Lease, an owner of a fleet of mid-sized and smaller containerships, on Friday said it is selling 5.4 million shares of its common stock for $13 apiece. Global Ship Lease, Inc. (GSL) : Free Stock Analysis Report . Our contractual relationship with ConChart is on arm’s length, commercial terms and based on the industry-standard, BIMCO ShipMan form. Global Ship Lease Announces the Repurchase of 521,650 Common Shares and the Purchase of 2.5 Million Common Shares by Insiders. Charter rate for the firm period is $14,500 per day. Hull optimized for fuel efficiency at lower operating speeds. Chartered to MSC at $13,500 per day to 2Q/3Q2021. * global ship lease announces fleet update * global ship lease - received updated broker valuations of its 18 vessels reflecting appraised values as at sept 19 of $262.5 million (excluding . Hull optimized for fuel efficiency at lower operating speeds. Home Depot has reserved its own ship, bought merchandise on the spot market and flown in power tools as it copes with supply chain headaches. New York-listed Global Ship Lease (GSL . Second Quarter and Year To Date Highlights . 6 0 obj <> On expiry of the existing charter Orca I will be chartered to Maersk at a rate of $21,000 per day until 2Q24 (assuming median expiry). Charter rate for option period is $17,750 per day. Market Activity. 5 0 obj Geared ships are equipped with onboard cranes, allowing them to load and discharge in ports where shoreside infrastructure is limited. stream Found insideIn terms of containership fleet, the new China COSCO Shipping had about 1.58 million TEUs, and ranked number four in global container-shipping capacity. We have an exclusive brokerage agreement with ConChart Commercial, Inc. to support the day-to-day commercial activities of Global Ship Lease. ]]>. Found insideAs a result, the EU controlled share of the global fleet has declined slightly ... support vessels with 7,000 employed in chartering, renting and leasing. 32 ships are wide-beam Post-Panamax. Third Quarter. UK-incorporated containership charter owner Global Ship Lease (GSL) is to expand its fleet with three 2004-built, 7,849 TEU vessels. According to the F&S Report, in terms of revenue in 2018, we ranked first in the global non-bank ship leasing industry with a market share of 14.8%. High reefer count allows charterers to carry high-margin refrigerated cargo. <> ISO 14001:2015 certification for environmental policy and management practices; ISO 50001:2011 certification for energy management policy and practices. Global Ship Lease (GSL) Outpaces Stock Market Gains: What You Should Know. The ship was delivered late-April 2021. USD per day. Wide beam improves vessel stability and reduces the need for ballast water, resulting in lower fuel consumption and higher cargo carrying capacity. LONDON, Dec. 09, 2020 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the "Company"), a leading independent owner of containerships, today announced that S&P Global Ratings ("S&P") has upgraded the issue rating of the Company's first priority senior secured notes to BB- from B+. TEU. Container leasing companies lease shipping containers or manage fleets for investors. Global Ship Lease expects to fund the purchase price with cash on hand and senior secured debt. The ships are scheduled for delivery during Q3/21. Charter with Maersk at $18,000 per day until early November 2020. Found insideReaders will find discussions of the various actors at play and how they relate to the overall function of the supply chain. Finally, the book offers solutions to the most pressing problems, thus providing a unique, well-balanced account. , you Rank of 2, is based in London Special purpose vehicle fleet owner arranges and. Had 93 ships under management, which covers both technical management and supplementary services incorporated in the Marshall Islands global. ; global Ship Lease will hold a Conference Call to discuss the transaction on,... At option of charterer at $ 25,000 per day 12 months at option of charterer at 22,500! Long-Term, fixed-rate charters to container liner companies from 2,207 teu to 11,040 teu within our provides! Open access under a CC by NC ND 4.0 license, published global ship lease fleet since 1968 with 2018 marking 50! 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