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.

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Global Ship Lease (GSL) reports strong Q4 performance and growth strategies

Global Ship Lease (GSL) demonstrates financial strength and strategic positioning through secured contracts, diversified charterer base, and disciplined acquisitions.
While facing industry challenges and operational uncertainties, GSL aims to leverage opportunities in a market with decreasing asset values and a focus on sustainability.
The company's balance of deleveraging efforts, cash-building trajectory, and potential shareholder returns reflect a prudent approach to financial management.
GSL's commitment to financial resilience, market resilience, and sustainability initiatives underpin its strategic direction and growth prospects.

Global Ship Lease reports robust Q1 earnings and growth outlook

Global Ship Lease (GSL) delivered strong financial performance, expanded its fleet, and expressed optimism for industry growth.
Despite challenges like rising fuel costs and market competition, GSL's strategic focus on sustainability and financial management positions it well for future opportunities.
Investors can look forward to GSL's continued growth trajectory, with a clear commitment to sustainability and strategic expansion in the container shipping sector.

Global Ship Lease (GSL) reports robust Q2 earnings amidst market uncertainties

Global Ship Lease (GSL) demonstrated strong financial performance and strategic capital allocation in Q2 2023.
Despite market uncertainties, GSL's low idle capacity and manageable order book-to-fleet ratio provide operational resilience.
The company's focus on liquidity, disciplined acquisitions, and maintaining a strong balance sheet position GSL for sustainable growth.

Global Ship Lease (GSL) reports robust Q3 performance and strategic growth outlook

Global Ship Lease (GSL) showcased resilience amidst market challenges, emphasizing financial strength, strategic investments, and commitment to sustainability. The company's focus on disciplined capital allocation and operational efficiency positions them well for future growth and value creation.

Global Ship Lease (GSL) strengthens balance sheet amidst market uncertainties

Global Ship Lease (GSL) navigated market uncertainties in Q4 2023 by focusing on fortifying its balance sheet, maintaining dividends, and pursuing strategic investments. The company reported improved financial performance, highlighted its diversified charter base, and emphasized a proactive approach to capital allocation and debt reduction.

Global Ship Lease (GSL) reports strong Q1 earnings and strategic growth focus

Global Ship Lease (GSL) delivered a robust performance in Q1 2024, driven by positive earnings momentum and strategic financial initiatives. The company's focus on deleveraging, disciplined capital allocation, and sustainable dividends positions them well for future growth and acquisition opportunities. Challenges in managing revenues and debt, along with market dynamics, require careful attention and strategic planning.

Global Ship Lease (GSL) boosts dividend by 20% amid strong market conditions

Global Ship Lease (GSL) navigated through Q2 2024 with strong financial results, strategic dividend decisions, and a focus on financial stability. Despite industry challenges, GSL remains optimistic about market conditions and revenue growth. The company's proactive approach towards deleveraging and investment exploration positions them well for future opportunities and sustained growth.

Global Ship Lease (GSL) reports robust Q3 performance and outlook

Global Ship Lease (GSL) showcased strong financial performance and strategic focus on fleet renewal and shareholder value creation.
While facing market challenges and uncertainties, GSL's robust financial standing and positive momentum position it well for future growth.
Opportunities lie in capitalizing on charter market strength, sustainability initiatives, and strategic partnerships to drive continued success.

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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

Container ship leasing companies are making a lot of money. The best thing is they are able to sign long-term contracts that ensure strong cash flows for years out.

Global Ship Lease: Estimates Seem To Lag Reality

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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

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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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SAILING INTO RECOVERY  Complimentary Registration

Leading Dry Bulk and Container Shipping Companies Presenting at Capital Link's 15th Annual International Shipping Forum Tuesday & Wednesday, March 2 & 3, 2021

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

Company to initiate quarterly cash dividend of $0.12 per Class A Common Share, with effect from first quarter of 2021 Company to initiate quarterly cash dividend of $0.12 per Class A Common Share, with effect from first quarter of 2021

Global Ship Lease Initiates Quarterly Dividend for Common Shares

Container ship leasing rates are at decade highs and rising as current demand for worldwide containerized trade far outstrips ship capacity. Restrained ship ordering from years of trade tension uncertainty and Covid have left us with a grossly insufficient new ship orderbook to meet even modest trade growth in 2021/2022.

Welcome To The New Container Shipping Supercycle

LONDON, Jan. 08, 2021 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the “Company”) today announced that it has issued a notice of optional full redemption for all of the currently 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 “Redemption Date”). Interest on the Notes will cease to accrue on and after the Redemption Date. The Company intends to pay the Redemption Price using funds from the drawdown of its previously-announced $236.2 million senior secured loan facility with Hayfin Capital Management, LLP (the “Hayfin Loan”), along with cash on hand. Completion of the redemption is subject to the satisfaction of certain conditions precedent to the Hayfin Loan that would permit the Company to irrevocably deposit funds sufficient for the redemption in accordance with the requirements of the indenture governing the Notes (the “Indenture”).

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

Refinancing of 9.875% Senior Secured Notes due 2022 expected to reduce annual debt service by up to $15 million, extends maturity to 2026, and simplifies covenants to materially improve flexibility Refinancing of 9.875% Senior Secured Notes due 2022 expected to reduce annual debt service by up to $15 million, extends maturity to 2026, and simplifies covenants to materially improve flexibility

Global Ship Lease Announces New Senior Secured Loan Facility to Enable Refinancing of 2022 Notes

Value Investor's Edge Live continues with this latest episode focused on the containership segment of the shipping industry. We hosted the management team at Global Ship Lease on 12 November to discuss the soaring containership markets.

News for Global Ship Lease Stock (GSL)