Global Ship Lease Rejects Claims of U.S. Ownership Amid China Port Fee Measures

Reuters10-18
Global Ship Lease Rejects Claims of U.S. Ownership Amid China Port Fee Measures

Global Ship Lease Inc. has responded to recent measures introduced by China's Ministry of Transport regarding special port charges for U.S. vessels. The company clarified that it is incorporated in the Marshall Islands, managed from Greece, and listed on the New York Stock Exchange as a foreign private issuer. Global Ship Lease emphasized that it is not owned, operated, or controlled by any U.S. entity or individual, and that no single U.S. shareholder holds 25% or more of its shares or voting rights. Additionally, none of the company's vessels are registered under the U.S. flag or built in the United States, and all vessel management operations are based in Greece and controlled by Greek citizens.

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