Global Ship Lease Reports Results for the First Quarter of 2021

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Go back to Global Ship Lease Reports Results for the First Quarter of 2021

Global Ship Lease (GSL) Reports Q1 Revenues Beat

May 10, 2021 8:02 AM EDT

Global Ship Lease (NYSE: GSL) reported Q1 revenue for the quarter came in at $72.98 million versus the consensus estimate of $70.69 million.

George Youroukos, Executive Chairman of Global Ship Lease, stated, The strong containership market momentum of late 2020 has further accelerated in 2021, positioning the sector for levels of profitability not seen in many years. While factors such as port delays, shortage of equipment, and congestion in the Suez Canal have provided support at the margin in tying up containership capacity, the present market conditions are based on the fundamentals of underlying strong demand growth set... More