Global Ship Lease not floating after all

Global Ship Lease not floating after all Global Ship Lease has cancelled its planned initial public offering on the New York Stock Exchange.
   The company wanted to raise $350 million to purchase and then charter containerships back to France’s CMA CGM, the world’s third-largest container line.
   The company made the U-turn due to what it sees as unfavorable market conditions. A future IPO could still be on the cards as the firm said it will monitor the financial markets going forward and its registration statement on Form F-1 for the IPO remains on file with the U.S. Securities and Exchange Commission.