Global Ship Lease Company Description
A new contender in the container shipping industry, Global Ship Lease didn't start small. The company was formed in 2007 to acquire a fleet of a dozen containerships from its parent, French marine transportation giant CMA CGM, and then lease the vessels back to CMA CGM on long-term, fixed-rate charters. In addition to chartering the vessels, CMA CGM will provide ship management services. To raise cash to acquire its initial fleet, Global Ship Lease filed for an IPO in November 2007. In March 2008, however, CMA CGM instead agreed to sell a controlling stake in Global Ship Lease to Marathon Acquisition, a publicly traded "blank check" company.
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The Company Description provides a historical perspective of Global Ship Lease's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Global Ship Lease's evolution in the marketplace.
