News / Global Ship Lease eyes new ships and acquisitions after round of debt financing

OOCL Qingdao

Non-operating containership owner Global Ship Lease (GSL) is eyeing merger and acquisition activity after a recent round of debt financing.

In October, the New York stock exchange-listed company – French shipping line CMA CGM is its largest shareholder – completed a $320m bond issue and today appointed independent investment banking advisory firm Evercore to review “strategic alternatives focused on maximising shareholder value”.

GSL said: “These alternatives include a corporate acquisition, business combination or partnership, while continuing to develop vessel purchase opportunities.”

Chief executive Ian Webber said the bond issue due in ...