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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Two of my current top picks in the shipping sector are Danaos Corp. (DAC) and Global Ship Lease (GSL). Despite negative macro sentiment, both firms have continued to expand their contract backlog. GSL just announced a deal for six ships which adds $393M of EBITDA from 2024-2029.

Danaos And Global Ship Lease: Strongest Conviction Buy Of My Career

Global Ship Lease reported strong second quarter earnings thanks to improved charters and new vessels. Then, in August, the company signed a charter on six vessels to earn 1/5 of its current net income.

Global Ship Lease: New Charters Augur Well For Earnings And 8% Yield

Global Ship Lease is a containership lessor trading at a huge discount to adjusted NAV, currently estimated at $41/sh, which already includes a $2.5B discount relative to prevailing markets. The company recently announced six new five-year charters at a TCE of approximately $43k/day, increasing charter cover on these vessels into 2029.

Global Ship Lease: Lopsided Risk-Reward

New multi-year forward charters to Hapag-Lloyd for six ECO 6,900 TEU ships expected to generate aggregate $393 million EBITDA New multi-year forward charters to Hapag-Lloyd for six ECO 6,900 TEU ships expected to generate aggregate $393 million EBITDA

Global Ship Lease Announces Forward Charter Agreements

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Global Ship Lease (GSL) Right Now?

Global Ship Lease (GSL) could produce exceptional returns because of its solid growth attributes.

3 Reasons Growth Investors Will Love Global Ship Lease (GSL)

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Global Ship Lease, Inc. (NYSE:GSL ) Q2 2022 Earnings Conference Call August 4, 2022 12:00 PM ET Company Participants Ian Webber - Chief Executive Officer George Youroukos - Executive Chairman Tassos Psaropoulos - Chief Financial Officer Tom Lister - Chief Commercial Officer Conference Call Participants Liam Burke - B. Riley Frode Morkedal - Clarksons Securities Brett Hendrickson - Nokomis Capital Operator Good day.

Global Ship Lease, Inc. (GSL) CEO Ian Webber on Q2 2022 Results - Earnings Call Transcript

Declares Dividend of $0.375 per Common Share Declares Dividend of $0.375 per Common Share

Global Ship Lease Reports Results for the Second Quarter of 2022

Global Ship Lease (GSL) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Here is Why Growth Investors Should Buy Global Ship Lease (GSL) Now

LONDON, July 22, 2022 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”) a containership charter owner, announced today that it will hold a conference call to discuss the Company's results for the second quarter 2022 on Thursday, August 4, 2022 at 12:00 p.m. Eastern Time. The Company will issue financial results for the second quarter that ended on June 30, 2022, on Thursday, August 4, 2022, before the open of market trading.

Global Ship Lease Announces Second Quarter 2022 Earnings Release, Conference Call and Webcast

GSL is a global shipping business with over 65 containerships, it generates income by leasing these to other businesses. GSL has a long contract book which should mean it generates income at these elevated charter levels, regardless of if prices fall. 2022 revenues are already 100% locked in.

Global Ship Lease: Betting Big On Shipping

Global Ship Lease's fleet employment provides exceptional cash flow visibility. The company's well-balanced capital allocation strategy builds equity value while returning substantial cash to shareholders.

Global Ship Lease Comes With A 9.5% Yield And A 50%+ Discount To NAV

LONDON, June 17, 2022 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the “Company”) today announced that it has delivered a notice of redemption (the “Full Redemption”) to the registered holders of its 8.00% Senior Notes due 2024 (the “2024 Notes”) of $89,020,500 aggregate principal amount of 2024 Notes, representing the entire outstanding balance of 2024 Notes (the “Redeemed Notes”). Pursuant to the terms of the indenture governing the 2024 Notes, the Company has elected to effect the Full Redemption in advance of the maturity date, and the redemption price for the Redeemed Notes will be equal to 102% of the principal amount thereof (the “Redemption Price”) plus accrued and unpaid interest to, but not including, the redemption date of July 18, 2022 (the “Redemption Date”). Interest on the Redeemed Notes will cease to accrue on and after the Redemption Date. All Redeemed Notes must be surrendered to the trustee to collect the Redemption Price plus accrued interest.

Global Ship Lease Announces Full Redemption of its 8.00% Senior Notes Due 2024

LONDON, June 16, 2022 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company” or “GSL”) announced today that its indirect wholly-owned subsidiary, Knausen Holding LLC (the “Issuer”), has closed its previously announced offering of $350 million aggregate principal amount of its 5.69% Senior Secured Notes due 2027 (the “Notes”) in a private placement to a limited number of accredited investors, pursuant to a note purchase agreement. Pricing on June 1, 2022 was based on the 3.2 year Interpolated US Treasury Yield (ICUR3.2) plus a spread of 2.85%.

Global Ship Lease Announces Closing of $350 Million of Senior Secured Notes due 2027

LONDON, June 02, 2022 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company” or “GSL”) announced today that its indirect wholly-owned subsidiary, Knausen Holding LLC (the “Issuer”), priced on June 1, 2022, an offering of $350 million aggregate principal amount of its 5.69% Senior Secured Notes due 2027 (the “Notes”) in a private placement to a limited number of accredited investors. The interest rate on the Notes was determined based on the 3.2 year Interpolated US Treasury Yield (ICUR3.2) plus a spread of 2.85%. The Company intends to use the net proceeds from the private placement for the repayment of the remaining outstanding balance on its $236.2 million Senior Secured Loan Facility which bears interest at LIBOR plus a margin of 7.00%, and the remainder for general corporate purposes, which may include the repayment of other outstanding consolidated indebtedness of the Company. The issuance and sale of the Notes is expected to close on June 15, 2022, subject to customary closing conditions. Goldman Sachs & Co. LLC acted as Sole Structuring Agent and Lead Placement Agent.

Global Ship Lease Announces Pricing of $350 Million of Senior Secured Notes due 2027

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New multi-year charter for 8,600 TEU, 2004-built GSL Ningbo generating annualized EBITDA at approximately 3.1 times existing rate New multi-year charter for 8,600 TEU, 2004-built GSL Ningbo generating annualized EBITDA at approximately 3.1 times existing rate

Global Ship Lease Announces New Forward Charter Agreement

Global Ship Lease reported Q1 earnings with massive improvement year over year. The company's balance sheet is in good shape with interest rates well below inflation.

Global Ship Lease Proves Shipping Still Profitable Amidst Market Turmoil

LONDON, May 12, 2022 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the "Company") today announced its participation in a carbon capture initiative led by Aqualung Carbon Capture AS (“Aqualung”), an innovator in membrane carbon dioxide capture and separation technology, alongside other industry leaders in shipping, energy generation and infrastructure, and lithium production. Global Ship Lease was invited to invest in Aqualung and to pool its technical expertise to support the application of Aqualung's carbon capture solution to the maritime sector, with a particular focus on the development of containerized carbon capture units to be retrofit-able to containerships and other seagoing vessels.

Global Ship Lease Announces Participation in Carbon Capture Initiative

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News for Global Ship Lease Stock (GSL)