Here, we briefly share two slides from Global Ship Lease's (GSL) 3/8/11 earnings deck that are worth revisiting. From GSL's Web site:
10:30 AM ET
|Global Ship Lease Q4 2010 Earnings Conference Call |
What's happening with fundamentals and what is the historical relatonship between key variables?
What's the supply/demand market balance for container ships?
We like these pictures, which are consistent with our prior commentary on improving shipping fundamentals. Even with the disaster in Japan, we expect global trade and the global economy will continue to grow this year and over time.
With their large fleets and liner/trading relationships, Seaspan and Global Ship Lease help facilitate global trade and growth. Moreover, we're looking for a dividend stream to arrive from Global Ship Lease to augment our growing Seaspan income stream.
Disclosure: long GSL and SSW.
© 2011 Jeffrey Walkenhorst
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