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 August 2008, CMA CGM sold a controlling stake in Global Ship Lease to Marathon Acquisition, a publicly traded "blank check" company. The combined company took the Global Ship Lease name and now owns a fleet of about 20 containerships ranging in size from about 2,200 TEU (twenty-foot equivalent units) to nearly 11,000 TEU, with an overall capacity of more than 74,000 TEU.
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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.
