Global Ship Lease stock has remained rooted around its 52-week low after it announced plans to merge with George Youroukos-led Poseidon Containers Holding this week.
Shares in the shipowner were down by close to 8% on Wednesday and were trading just $0.07 above its one-year low of $0.80 each at the time of writing on Wednesday.
GSL’s London-based chief executive Ian Webber told TradeWinds it was difficult to speculate on the reasons for the slump.
