Global Ship Lease (STU:37H) Average Age of Fleet in Years : 0.00 (As of . 20)

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What is Global Ship Lease Average Age of Fleet in Years?

Average Age of Fleet in Years indicates the average age of fleet of this coompany. Companies with a higher average age of fleet may need to spend more on buying new ships, which reduces cash position in the future. Usually it reflects that the company has financial problems and failed to buy new fleets. Under rare situations it reflects good maintenance for existing fleets and extending their life.

The historical rank and industry rank for Global Ship Lease's Average Age of Fleet in Years or its related term are showing as below:

STU:37H's Average Age of Fleet in Years is not ranked ^*
in the Business Services industry.
Industry Median:
* Ranked among companies with meaningful Average Age of Fleet in Years only.

Global Ship Lease Average Age of Fleet in Years Historical Data

The historical data trend for Global Ship Lease's Average Age of Fleet in Years can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Global Ship Lease Average Age of Fleet in Years Chart

Global Ship Lease (STU:37H) Average Age of Fleet in Years Explanation

Companies with a higher average age of fleet may need to spend more on buying new ships, which reduces cash position in the future. Usually it reflects that the company has financial problems and failed to buy new fleets. Under rare situations it reflects good maintenance for existing fleets and extending their life. Companies with a lower average age of fleet may also have a higher depreciation.

According to the data from statista.com, as of 2020, the average age of all ships in the world merchant fleet was just over 20 years. General cargo ships were the oldest type of vessels with an average age of around 26 years; likewise, over 65 percent of the world's cargo ships were older than 14 years, in contrast with over 18 percent of bulk carriers.

Global Ship Lease Average Age of Fleet in Years Related Terms

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Global Ship Lease (STU:37H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Global Ship Lease Inc (STU:37H) » Definitions » Average Age of Fleet in Years

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Traded in Other Exchanges

GSLpB.PFD:USA GSL:USA

Address

25 Wilton Road, London, GBR, SW1V 1LW

Website

https://www.globalshiplease.com

Global Ship Lease Inc operates in the container shipping industry. The company owns and charters out containerships under long-term, fixed-rate charters to container liner companies. The majority of the company's revenues are derived from charters to MAERSK. Its fleet consisted of more than 60 containerships.

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