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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The ship charterer Global Ship Lease Inc. (NYSE: GSL) reported higher earnings and revenue for the third quarter of 2019 when compared with the same period last year.

For Global Ship Lease, Small Is Beautiful — And So Is IMO 2020

LONDON, Oct.  25, 2019  (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the “Company”) today announced that it is commencing a cash tender offer (the “Annual Mandatory Offer”) to purchase up to $20.0 million aggregate principal amount (the “Maximum Offer Amount”) of its outstanding 9.875% First Priority Secured Notes due 2022 (the “Notes”) at a purchase price of 102% of the aggregate principal amount thereof plus accrued and unpaid interest to, but not including, the purchase date.

Global Ship Lease Announces Annual Mandatory Offer to Purchase up to $20.0 Million of First Priority Secured Notes

Global Ship Lease is a containership pureplay focused on medium- and long-term charters.

Behind The Idea: Global Ship Lease - Major Turnaround, Dividends Ahead

LONDON, Oct.  01, 2019  (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (“Global Ship Lease” or the “Company”) announced today that it has closed its upsized fully underwritten public offering (the “Offering”) of 7,613,788 Class A common shares, at a public offering price of $7.25 per share, for gross proceeds to the Company of approximately $55.2 million.  This includes the exercise in full by the underwriter of its option to purchase additional shares. As previously announced, the Company intends to use the net proceeds of the offering for general corporate purposes, including the acquisition of containerships or the prepayment of debt.

Global Ship Lease, Inc. Announces Closing of its Upsized Public Offering of Class A Common Shares and Full Exercise of the Underwriter’s Option to Purchase Additional Shares

LONDON, Sept.  26, 2019  (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (“Global Ship Lease” or the “Company”) announced today that it has upsized and priced its previously announced fully underwritten public offering (the “Offering”) of $40.0 million Class A common shares, par value $0.01 per share (“Common Shares”).  The Company has agreed to sell 6,620,686 Class A common shares, at $7.25 per share, for gross proceeds to the Company of approximately $48.0 million.  The Company also granted the underwriter a 30-day option to purchase up to an additional 993,102 Common Shares at the public offering price. As part of the offering, the Company’s executive management has agreed to purchase 168,965 Common Shares at the public offering price, representing an aggregate purchase price of approximately $1.225 million.

Global Ship Lease, Inc. Announces Upsizing and Pricing of Public Offering of Class A Common Shares

LONDON, Sept.  24, 2019  (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (“Global Ship Lease” or the “Company”) today announced that it has commenced a $40.0 million fully underwritten public offering of its Class A common shares, par value $0.01 per share (‘Common Shares”). The Company also intends to grant the underwriters a 30-day option to purchase up to an additional $6.0 million of Common Shares. As part of the offering, the Company’s executive management has expressed an interest to purchase $1.225 million in aggregate of Common Shares at the public offering price.

Global Ship Lease, Inc. Announces Underwritten Public Offering of $40 Million Class A Common Shares

Refinancing reduces average cost of debt and significantly extends maturities from 2020 to 2024 Refinancing reduces average cost of debt and significantly extends maturities from 2020 to 2024

Global Ship Lease Announces New Five-Year $268 Million Credit Facility for Debt Refinancing

LONDON, Sept.  18, 2019  (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”) announced today that the Company’s Chief Executive Officer, Ian Webber, is scheduled to present at the Sidoti & Company Fall 2019 Conference in New York City on Wednesday, September 25, 2019 at 9:10 a.m. Eastern Time.

Global Ship Lease to Present at Sidoti & Company Fall 2019 Conference

Global Ship Lease, Inc. (GSL) CEO Ian Webber on Q2 2019 Results - Earnings Call Transcript

Rates have improved during the summer and are now close to the 5-year high for 6,500 TEU vessels.

Global Ship Lease Container Rates Improve In The Sunshine

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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) Catches Eye: Stock Jumps 7%

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Charter Rates For Larger Box Ships Outpace Smaller Classes

Global Ship Lease's (GSL) CEO Ian Webber on Q1 2019 Results - Earnings Call Transcript

Global Ship Lease, has reported improved earnings in its first full quarter since completing a transformative merger with Poseidon Containers.

Global Ship Lease Sees Profits And Charter Coverage Rise

I wrote a comment on Global Ship Lease (GSL) last week, which resulted in a number of questions regarding the fleet value at the company.

News for Global Ship Lease Stock (GSL)