New York-listed Global Ship Lease stayed in the red but narrowed the gap on losses.

Webber upbeat on future

Net profit fell $0.9m into the red in the third quarter, which was an improvement on the $3.5m deficit seen in the same quarter last year.

A non-cash item of $6.1m pushed the shipowner's bottom line into negative territory. Over the period revenue lost around 3% to settle at $38.7m