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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Earnings data Q4 2024

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, 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.

Containership Market Profits With Global Ship Lease (Podcast Transcript)

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Profit From Preferred Stock Buying Frenzy: Global Ship Lease - 9% Qualified Dividend

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Liner capacity control and the future of container shipping

LONDON, Dec. 09, 2020 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the “Company”), a leading independent owner of containerships, today announced that S&P Global Ratings (“S&P”) has upgraded the issue rating of the Company's first priority senior secured notes to BB- from B+. In announcing its review, S&P cited improving market conditions, positive momentum for charter rates, resilient EBITDA, accelerated debt reduction, and a steeper than expected demand recovery for Global Ship Lease's container liner counterparties.

Global Ship Lease's First Priority Senior Secured Notes Upgraded to BB- by S&P Global Ratings; $28.0 Million Partial Redemption Completed

It has been many years since Global Ship Lease has paid a dividend on their common shares. Recently management spoke of reinstating their common dividends following refinancing their 2022 debt to help them raise equity for acquisitions.

Global Ship Lease: Dividends Coming Back But With An Equity Raising

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Global Ship Lease - The Container Market Is Rising

LONDON, Nov. 27, 2020 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the “Company”) today announced that it has sent notice of mandatory partial redemption of its 9.875% First Priority Secured Notes due 2022 (the “Notes”) to holders of the Notes. The Company is mandatorily redeeming (the “Mandatory Partial Redemption”) of $28,000,000 aggregate principal amount of the Notes (the “Redeemed Notes”) at a redemption price equal to 102.00% of the principal amount thereof (the “Redemption Price”) plus accrued and unpaid interest to, but not including, the redemption date of December 7, 2020 (the “Redemption Date”). The Mandatory Partial Redemption is being made pursuant to requirements set forth in the indenture governing the Notes that requires the Company to redeem Notes.

Global Ship Lease Announces Mandatory Partial Redemption of 9.875% First Priority Secured Notes Due 2022

We at Insider Monkey have gone over 817 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of September 30th. In this article, we look at what those funds think of Global Ship Lease, Inc. (NYSE:GSL) based on that data.

Is Global Ship Lease, Inc. (GSL) A Good Stock To Buy?

Global Ship Lease (GSL) saw a big move last session, as its shares jumped more than 7% on the day, amid huge volumes.

Global Ship Lease (GSL) in Focus: Stock Moves 7.2% Higher

LONDON, Nov. 17, 2020 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”), a leading independent owner of containerships, announced today that it has posted an updated investor presentation in the Investor Relations section of its website, www.globalshiplease.com. Among other things, the new investor presentation provides updated market data demonstrating the continued positive momentum of containerized trade and the containership charter market, particularly for the mid-sized and smaller containership segments on which Global Ship Lease's fleet is focused.

Global Ship Lease Releases Updated Investor Presentation

Global Ship Lease, Inc. (GSL) CEO Ian Webber on Q3 2020 Results - Earnings Call Transcript

LONDON, Nov. 09, 2020 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company,” “Global Ship Lease” or “GSL”), a containership charter owner, announced today its unaudited results for the three and nine month periods ended September 30, 2020.

Global Ship Lease Reports Results for the Third Quarter of 2020

Global Ship Lease (GSL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Global Ship Lease (GSL) to Report a Decline in Earnings: What to Look Out for

LONDON, Oct. 26, 2020 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL), a containership charter owner, announced today that it will hold a conference call to discuss the Company's results for the third quarter 2020 on Monday, November 9, 2020 at 10:30 a.m. Eastern Time. The Company will issue financial results for the third quarter ended September 30, 2020 on Monday, November 9, 2020 before the open of market trading.

Global Ship Lease Announces Third Quarter 2020 Earnings Release, Conference Call and Webcast

Outlook improved to B3 / Positive from B3 / Stable on the basis of supportive market fundamentals and an improving leverage profile Outlook improved to B3 / Positive from B3 / Stable on the basis of supportive market fundamentals and an improving leverage profile

Improved Credit Outlook from Moody’s for Global Ship Lease

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Is Global Ship Lease (GSL) a Good Value Investor Stock Now?

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Global Ship Lease: Global Trade Recovery Play

LONDON, Aug.  24, 2020  (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the “Company” or “GSL”) today announced the election of three Term III Directors at the Company’s Annual Meeting of Shareholders for 2020, held today in London.

Global Ship Lease Announces Results of 2020 Annual Meeting of Shareholders

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Global Ship Lease, Inc. (GSL) CEO Ian Webber on Q2 2020 Results - Earnings Call Transcript

News for Global Ship Lease Stock (GSL)