$ZIM - Playing spot exposure of containerships

GSL, a ZIM peer (ish), had amazing earnings:
https://seekingalpha.com/pr/18783722-global-ship-lease-reports-results-for-first-quarter-of-2022

  • Global Ship Lease press release (NYSE:GSL): Q1 Non-GAAP EPS of $1.91.
  • Revenue of $153.63M (+110.5% Y/Y).
  • Generated $94.5 million of Adjusted EBITDA for the first quarter 2022, 2.1 times Adjusted EBITDA of $44.2 million for the prior year period.

Phenomenal numbers for a $850M market cap company.

ZIM and DAC should follow during earnings next week.

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