Global Ship Lease: Time To Sell The Preferreds (And Buy The Common Shares)
GSLGlobal Ship Lease(GSL) Seeking Alpha·2024-03-12 22:30
oliver de la haye/iStock Editorial via Getty Images Introduction Global Ship Lease (NYSE:GSL) owned a fleet of 68 containerships at the end of 2023. It was still generating very strong cash flows thanks to its ability to sign new leases when the market peaked, and although I expected the charter rates to come down as some of the contracts will have to be renewed from this year on, the recent issues in and around the Red Sea have caused the charter rates to surge again and this puts Global Ship Lease in  ...