Tag Archives: Global Ship Lease

Titanic Cliches of the Day

1. Global Ship Lease uses container ships to move goods you likely purchased online or locally. In theory the company makes a lot of money through fixed leases to transport cargo. But as Motley Fool points out, the company is $600 million in debt and not able to guarantee paying its loan obligations. This fact allows Sean Williams to opine:

“Global Ship Lease (NYSE: GSL) has logged a greater-than-300% gain in the past year, but if its debtors ever get their way, GSL could sink faster than the Titanic.”


Motley Fool, Is This Shipper The Next Titanic?, 21 Jan 2011

2. Pakistan has serious problems and recently began reorganizing the federal cabinet. This provoked harsh criticism as evidenced by an editor in Dawn:

‘In the present climate, that may be akin to rearranging the deck chairs on the Titanic.’

When a government reshuffling gets the Titanic deck chair treatment, you know it looks bad or a bad comedy sketch.

Sify, ‘Pakistan Cabinet Overhaul Like Rearranging Titanic Deck Chairs’, 24 Jan 2011