Although the container shipping market has improved in the past few months, UK-based Global Ship Lease (GSL) wrapped up 2017 with a full-year net loss of USD 77.3 million, compared to a loss of USD 68.2 million seen a year earlier.
The company reported Adjusted EBITDA of USD 110.3 million in 2017, against USD 114.7 million posted a year earlier.
In 2017, we continued to benefit from our (…) long-term charters and strong relationships with top-tier liner companies. By maintaining full time charter employment for our fleet and extremely high utilization levels in line with our historical averages, we ensured that we would continue to generate consistent cashflows to support our deleveraging and growth efforts” Ian Webber, Chief Executive Officer of Global Ship Lease, said.
