Global Ship Lease

Global Ship Lease, Inc. is a holding company, which owns and charters out containerships under long-term and fixed rate charters to container shipping companies. It also focuses on the operation and technical management of each vessel, such as crewing, provision of lubricating oils, maintaining the vessel, periodic dry docking, and performing work required by regulations. The company was founded on May 3, 2007 and is headquartered in London, the United Kingdom.

Earnings data Q4 2019

Earnings data Q2 2021

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Global Ship Lease (GSL) demonstrates resilience with strategic acquisitions

GSL's Q1 call highlights financial stability, strategic ship acquisitions, and a commitment to long-term value creation amidst market dynamics.

Global Ship Lease (GSL) maintains stability amidst macro uncertainties

GSL's Q2 performance reflects stability and financial discipline, with a focus on managing macro uncertainties and leveraging opportunities in the charter market and ship recycling. The company's strong balance sheet and capital allocation strategy provide a solid foundation for future growth.

Global Ship Lease (GSL) reports resilient Q3 performance and eyes market opportunities

Global Ship Lease (GSL) demonstrated resilience and financial strength in Q3 2023, with a focus on maintaining disciplined capital allocation and preserving value for shareholders. Despite challenges such as increased idle capacity and a weighted order book, the company remains optimistic about potential opportunities in the market for middle-aged vessels and continues to execute its strategic vision.

Global Ship Lease (GSL) reports resilient Q4 performance amidst market challenges

Global Ship Lease (GSL) navigated through macro and geopolitical uncertainties in Q4 2023, maintaining financial strength and focusing on shareholder value. While challenges persisted, GSL's strategic focus on operational flexibility and revenue growth presents opportunities for the company in the evolving Containership Charter market.

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Listed container-ship owners and operators won't report final Q1 results for another month, but three early disclosures give a taste of what's to come. The signals are flashing bright green.

Container shipping is about to report blockbuster Q1 earnings

LONDON, April 09, 2021 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”) announced today the pricing of the previously announced secondary offering by certain shareholders of the Company (the “Offering”) of shares of Class A common stock, par value $0.01 per share (the “Common Shares”). KEP VI (Newco Marine), Ltd. and KIA VIII (Newco Marine), Ltd., both affiliates of Kelso & Company, a U.S. private equity firm, and Maas Capital Investments B.V. (together, the “Selling Shareholders”) have agreed to sell an aggregate of 4.5 million Common Shares in the Offering at a public offering price of $12.50 per Common Share. The Selling Shareholders have granted the underwriters a 30-day option to purchase up to an additional 675,000 Common Shares. The Company will not receive any proceeds from the sale of Common Shares by the Selling Shareholders.

Global Ship Lease Announces Pricing of Secondary Offering of its Class A Common Shares by Certain Shareholders

LONDON, April 08, 2021 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”) announced today that KEP VI (Newco Marine), Ltd. and KIA VIII (Newco Marine), Ltd., both affiliates of Kelso & Company, a U.S. private equity firm (together, the “Selling Shareholders”), intend to offer for sale in an underwritten public offering (the “Offering”) Class A common shares, par value $0.01 per share, of the Company (the “Common Shares”). The Selling Shareholders expect to grant the underwriters a 30-day option to purchase up to an additional 15% of the Common Shares offered in the Offering. The Company will not receive any proceeds from the sale of Common Shares by the Selling Shareholders.

Global Ship Lease Announces Secondary Offering of its Class A Common Shares by Certain Shareholders

Freight rates in container shipping industry jumped significantly. Containership demand exceeds supply considerably.

Global Ship Lease: A Great Stock To Get Exposure In A Booming Industry

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LONDON, March 24, 2021 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the "Company") filed its Annual Report on Form 20-F on March 19, 2021 for the year ended December 31, 2020 (the "Form 20-F") with the U.S. Securities and Exchange Commission (the "SEC").

Global Ship Lease Files its Annual Report for 2020 on Form 20-F

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Global Ship Lease, Inc. (GSL) CEO Ian Webber on Q4 2020 Results - Earnings Call Transcript

Shares of Global Ship Lease (NYSE:GSL) fell 0.1% after the company reported Q4 results. Quarterly Results Earnings per share rose 14.81% year over year to $0.31, which missed the estimate of $0.43.

Global Ship Lease: Q4 Earnings Insights

Global Ship Lease (NYSE:GSL) will be releasing its next round of earnings this Thursday, March 04. For all of the relevant information, here is your guide for Thursday's Q4 earnings announcement.

A Preview Of Global Ship Lease's Earnings

Global Ship Lease (GSL) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Global Ship Lease (GSL) Might Surprise This Earnings Season

Container shipping rates have been soaring and stock prices for companies have been rocketing upwards - creating many multi-baggers along the way. The demand side deserves some credit but the bull market roots can be traced back to a supply-side outlook that has correctly been forecasting a tighter market.

Why The Bull Market In Container Shipping Will Continue

Container shipping rates have skyrocketed due to an increase in demand for goods - leading to a large global shipping container shortage. The container shortage has been a saving grace for container shippers like Global Ship Lease which were facing solvency issues prior to 2020.

Global Ship Lease Still Has Upside Even If The Container Shortage Ends

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Global Ship Lease (GSL) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Global Ship Lease (GSL) is Poised to Beat Earnings Estimates Again

One Wall Street analyst is bullish on the company's expansion plans.

Why Global Ship Lease Shares Are Up Today

LONDON, Jan. 26, 2021 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the “Company”) announced today that it has closed its underwritten public offering of 5,400,000 Class A common shares, at a public offering price of $13.00 per share, for gross proceeds to the Company of approximately $70.2 million, prior to deducting underwriting discounts, commissions and other offering expenses. As previously announced, the Company intends to use the net proceeds of the offering for funding the expansion of the Company's fleet, general corporate purposes, and working capital. The Company has granted the underwriters a 30-day option to purchase up to an additional 810,000 Class A common shares.

Global Ship Lease Announces Closing of Public Offering of Class A Common Shares

The container ship owner is selling shares into a rally.

Why Shares of Global Ship Lease Are Falling Today

LONDON, Jan. 22, 2021 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the “Company”) announced today the pricing of its previously announced underwritten public offering (the “Offering”) of 5,400,000 shares of its Class A common stock, par value $0.01 per share (the “Common Shares”) at a public offering price of $13.00 per Common Share.  The Company has granted the underwriters a 30-day option to purchase up to an additional 810,000 Common Shares.  The Offering will result in gross proceeds to the Company of $70.2 million (or $80.7 million if the underwriters' option to purchase additional Common Shares is exercised in full) prior to deducting underwriting discounts, commissions and other offering expenses.

Global Ship Lease Announces Pricing of Public Offering of Class A Common Shares

LONDON, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the “Company”) announced today that it intends to commence an underwritten public offering (the “Offering”) of its Class A common shares, par value $0.01 per share (the “Common Shares”). The net proceeds of the Offering are expected to be used for funding the expansion of the Company's fleet, general corporate purposes, and working capital.

Global Ship Lease Announces Commencement of Public Offering of Class A Common Shares

LONDON, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the “Company”) today announced that it has closed on its previously announced full redemption of all of the then-outstanding $233,436,000 aggregate principal amount of its 9.875% First Priority Secured Notes due 2022 (the “Notes”) at a redemption price equal to 102.469% of the principal amount thereof (the “Redemption Price”) plus accrued and unpaid interest to, but not including, the redemption date of January 20, 2021. The Company paid the Redemption Price using funds from the drawdown of its previously-announced $236.2 million senior secured loan facility with Hayfin Capital Management, LLP, along with cash on hand. All Notes have been cancelled and the Notes will no longer trade on The International Stock Exchange.

Global Ship Lease Announces Closing of the Full Redemption of its 9.875% First Priority Secured Notes Due 2022

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Global Ship Lease (GSL) saw a big move last session, as its shares jumped more than 5% on the day, amid huge volumes.

Global Ship Lease (GSL) Looks Good: Stock Adds 5.4% in Session

News for Global Ship Lease Stock (GSL)