- Repaid $12.1 million in debt during the second quarter of 2012; repaid $23.9 million in the six months ended June 30, 2012 and $139.3 million since the fourth quarter 2009Ian Webber, Chief Executive Officer of Global Ship Lease, stated, "For the second quarter of 2012, our fleet of 17 vessels operating on long-term fixed rate charters generated EBITDA of $26.8 million and achieved utilization of 99%, during a challenging economic environment. In addition, our sizeable and stable cash flows enabled us to continue to strengthen our balance sheet at a time in which we have no purchase obligations. We reduced our debt by $12.1 million during the quarter, for a total repayment of $139.3 million since the fourth quarter of 2009."
|SELECTED FINANCIAL DATA – UNAUDITED|
|(thousands of U.S. dollars)|
|Three months ended June 30, 2012||Three months ended June 30, 2011||Six months ended June 30, 2012||Six months ended June 30, 2011|
|Net Income (Loss)||7,514||(11,693)||15,464||(854)|
|Normalised Net Income (1)||6,607||5,754||11,881||11,631|