Hapag-Lloyd: a 'pretty good first quarter' – but trend for 2025 'pretty uncertain'
As it presented its first-quarter financial results today, Hapag-Lloyd cautioned that any cargo surge following ...
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By Mike Wackett
Containership owner Global Ship Lease (GSL) posted a net loss of $68.2m for 2016, following a $32m deficit the previous year.
The blame, said the firm, rested with vessel impairment charges of $92.4m.
Revenue from time-charters went up slightly to $166.5m in the year, from $165m in 2015.
The value of four vessels was written down by $63.1m in the Q4 accounts after reviewing their book value against “the continuing adverse market conditions” explained GSL’s chief executive, Ian Webber.
Q3 was hit by a $29.3m impairment charge, triggered ...
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