Top

Global Ship Lease Earns Less in First Quarter

May 1, 2018

Category:

UK-based containership charter owner Global Ship Lease saw its net income for the quarter drop to USD 4.2 million from USD 6.8 million reported in the first quarter of 2017.

The company’s operating revenues were at USD 36.1 million for the three months ended March 31, 2018, down from USD 39.6 million seen in the same period a year earlier.

In the first quarter, we continued to maximize the value of our contract coverage with top-tier counterparties by maintaining full employment across our fleet of mid-sized and smaller containerships,” Ian Webber, Chief Executive Officer of Global Ship Lease, said.

Read More on World Maritime News