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

Rhea-AI Summary

Global Ship Lease (NYSE:GSL) will hold a conference call on August 6, 2020, at 10:30 a.m. ET to discuss its second-quarter 2020 results. Financial results will be released prior to the market opening on the same day.

The company owns 43 containerships with a total capacity of 245,286 TEU, averaging 13.2 years in age as of June 30, 2020. The average remaining term of its charters is 2.2 years, with contracted revenue amounting to $650 million. This includes an additional $733 million when including options under charterers' control.

Positive

• Owns a diversified fleet of 43 containerships.
• Contracted revenue of $650 million with an average charter term of 2.2 years.
• Total contracted revenue of $733 million including options under charterers' control.

Negative

• None.

LONDON, July 23, 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 second quarter 2020 on Thursday, August 6, 2020 at 10:30 a.m. Eastern Time. The Company will issue financial results for the second quarter ended June 30, 2020 on Thursday, August 6, 2020 before the open of market trading.

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What:	Second Quarter 2020 Conference Call and Webcast
When:	Thursday, August 6, 2020 at 10:30 a.m. Eastern Time
Where:	There are two ways to access the conference call:
	Dial-in: (877) 445-2556 or (908) 982-4670; Passcode: 5976748
	Please dial in at least 10 minutes prior to 10:30 a.m. Eastern Time to ensure a prompt start to the call.
	Live Internet webcast and slide presentation:
	http://www.globalshiplease.com

If you are unable to participate at this time, a replay of the call will be available through Saturday, August 22, 2020 at (855) 859-2056 or (404) 537-3406. Enter the code 5976748 to access the audio replay. The webcast will also be archived on the Company’s website:
http://www.globalshiplease.com

About Global Ship Lease
Global Ship Lease is a leading independent owner of containerships with a diversified fleet of mid-sized and smaller containerships. Incorporated in the Marshall Islands, Global Ship Lease commenced operations in December 2007 with a business of owning and chartering out containerships under fixed-rate charters to top tier container liner companies. On November 15, 2018, it completed a strategic combination with Poseidon Containers.

Global Ship Lease owns 43 containerships, ranging from 2,207 to 11,040 TEU, of which nine are fuel-efficient new-design wide-beam, with a total capacity of 245,286 TEU and an average age, weighted by TEU capacity, of 13.2 years as at June 30, 2020.

Adjusted to include all charters agreed, and ships acquired or divested, up to July 23, 2020, the average remaining term of the Company’s charters at June 30, 2020, to the mid-point of redelivery, including options under the Company’s control, was 2.2 years on a TEU-weighted basis. Contracted revenue on the same basis was $650.0 million. Contracted revenue was $733.0 million, including options under charterers’ control and with latest redelivery date, representing a weighted average remaining term of 2.5 years.

Investor and Media Contact:
The IGB Group
Bryan Degnan
646-673-9701
or
Leon Berman
212-477-8438

FAQ

When will Global Ship Lease announce its Q2 2020 results?

Global Ship Lease will announce its Q2 2020 results on August 6, 2020, before market opening.

What is the average age of Global Ship Lease's containership fleet?

As of June 30, 2020, the average age of the fleet is 13.2 years.

How many containerships does Global Ship Lease own?

Global Ship Lease owns 43 containerships in its fleet.

What is the contracted revenue of Global Ship Lease?

The contracted revenue amounts to $650 million, with a total of $733 million including options under charterers' control.