Global Ship Lease suffered a lighter deficit for the fourth quarter, thanks to a smaller impairment charge.
The New York-listed boxship player posted a $72.5m loss versus an $99.8m red figure during the same period last year.
That translated into a $0.64 loss per share compared to a $2.08 loss per share.
The red ink for both periods came at the hands of two massive impairment losses, the latest being $71.7m