Goldman Sachs has reduced its investment in container ship owner Global Ship Lease (GSL) by 49% a month, after acquiring the position in late July, according to regulatory documents.

The New York-based investment bank sold 1.92m shares of Ian Webber-led GSL on 31 August after revealing a 3.9m shares on 29 July, filings with the US Securities and Exchange Commission show.

That means Goldman Sachs lowered its stake from 10.6%