3 Shipping Stocks Sailing Toward Big Gains

Shipping stocks often come with big risk, but they also can offer equally big rewards

      View All  

Global Ship Lease (GSL)

Global Ship Lease 185 3 Shipping Stocks Sailing Toward Big GainsLondon-based Global Ship Lease (GSL) owns and leases container ships under long-term fixed-rate charters to container shipping companies. GSL owns 17 vessels with a total capacity of 66,349 20-foot equivalent units. In the most recent earnings release, GSL announced that the fleet was 100% leased, which maximized the current earnings potential for the company.

Global also repaid $15.8 million of debt during the third quarter 2013 for a total repayment of $214.8 million since the fourth quarter 2009. Earnings are up more than 200% so far this year, and Portfolio Grader recognized the improvements in the company and upgraded the stock to an “A” in November.

GSL stock is a “strong buy” at the current price.


Article printed from InvestorPlace Media, http://investorplace.com/2013/12/3-shipping-stocks-sailing-toward-big-gains/.

©2015 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.