Global Ship Lease Reports Results for the Third Quarter of 2020

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Go back to Global Ship Lease Reports Results for the Third Quarter of 2020

Global Ship Lease (GSL) Reports Q3 Revenues of $70.5M

November 9, 2020 8:33 AM EST

Global Ship Lease (NYSE: GSL) reported Q3 revenue for the quarter came in at $70.52 million versus the consensus estimate of $70.12 million.

George Youroukos, Executive Chairman of Global Ship Lease, stated, Throughout the second half of 2020, the container shipping sector has demonstrated remarkable resilience, discipline in pricing and capacity management, and surprisingly robust demand. Containerized freight volumes have rebounded sharply in recent months, with freight rates in various trades at record highs. The resulting demand for containerships has driven global idle capacity below 2%, with effectively no available capacity for our core mid-size Post Panamax... More