First- CMA CGM is a Private Company and the don't have Earnings calls. GSL is dropping because there has been no update on the LTV Waiver which is due by tomorrow November 30th.
"The Company is in discussions with its lenders to amend the credit facility in respect to the Leverage Ratio. The Company was in compliance with all of its financial covenants at September 30, 2011 and at the date of issuance of the third quarter financial statements. Management expects that an amendment or waiver will be obtained and accordingly, the interim unaudited consolidated financial statements are prepared on a going concern basis. If the Company does not successfully amend the credit facility by November 30, 2011 or otherwise obtain a deferral or waiver of the requirement to perform the Leverage Ratio test as at that date, and its Leverage Ratio is above 75%, the lenders may declare an event of default and accelerate some or all of the debt or require the Company to provide additional security."
First, they do have conference calls on earnings/financial status, which will be on December 1st. Earnings will still be released tomorrow, Nov 30th. Check the "CMA CGM reports Q3 11 results on Nov 30th" thread.
and yet, if you owned Danaos instead of GSL, where the fate of your entire company once again rested with the survival of CMA CGM, you would be posting nothing remarkable today, DAC was steady. so... what's in a name?