Global Ship Lease raising $40m for fleet growth

Global Ship Lease raising $40m for fleet growth

London-based containership owner Global Ship Lease (GSL) has commenced a $40m public offering of its Class A common shares.

The company says the proceeds of the offering will be used for general corporate purposes, including the acquisition of containerships or prepayment of debt.

Last week, GSL agreed a new syndicated $268m credit facility with a number of lenders to refinance its debt, paving the way for possible expansion.

Global Ship Lease currently owns a fleet of 40 containerships, ranging from 2,207 teu to 11,040 teu.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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