Global Ship Lease Inc. (Marshall Islands)

The Company is a containership owner, leasing ships to container shipping companies under industry-standard, fixed-rate time charters. The Company's business is to own and charter out containerships to leading liner companies.
We focus on mid-size Post-Panamax and smaller containerships, the workhorses of the global fleet, which tend to serve the faster-growing non-Mainlane and intra-regional trades collectively representing over 70 of global containerized trade volumes.
Our goal is to provide our liner operator customers with well-specified, operationally flexible, reliable, fuel-efficient, high-reefer capacity, low slot cost containerships to support their operations within the highly competitive global logistics industry.
We take a partnership approach with our customers, providing flexible chartering solutions which enable them to free up capital and management resources to focus on other strategic priorities.
As a containership owner, our business is both pro-cyclical - with chartered tonnage used as a growth platform by liner shipping companies, and counter-cyclical - with sale and lease-back structures used by liner companies as a balance sheet management tool.
Our investment model seeks to combine strong, longer-term contract cover with selective shorter-term exposure, providing a firm base with downside protection and forward visibility on cash flows, while also offering access to upside earnings potential in a highly cyclical market.
We aim to grow selectively, opportunistically, and always on a value-accretive basis. Our growth track record includes both organic acquisitions and a transformative strategic combination, completed in Q4 2018, which doubled the size of our fleet, materially improved our capital structure, and substantially enhanced our commercial footprint and competitive positioning.
Gobal Ship Lease is a Marshall Islands Corporation, with an administrative office in Athens.
History:
2008: On August 14, 2008, Global Ship Lease, Inc. (the “Company”) merged indirectly with Marathon Acquisition Corp., a company then listed on The American Stock Exchange, and with the pre-existing Global Ship Lease, Inc. GSL Holdings, Inc. was the surviving entity (the “Marathon Merger”), changed its name to Global Ship Lease, Inc. and became listed on The New York Stock Exchange (the “NYSE”).

2018: On November 15, 2018, the Company completed a transformative transaction and acquired Poseidon Containers' 20 containerships, one of which, the Argos, was contracted to be sold, which sale was completed in December 2018, (the “Poseidon Transaction”).
2021: The Company purchased 23 vessels. The Company purchased seven containerships of approximately 6,000 TEU each (the “Seven Vessels”), 12 containerships from Borealis Finance LLC (the “Twelve Vessels”) and four 5,470 TEU Panamax containerships (the “Four Vessels”). Also on June 30, 2021, the vessel La Tour was sold.