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

Rhea-AI Summary

Global Ship Lease (NYSE:GSL) announced a conference call to discuss its third quarter 2022 results on November 9, 2022, at 10:30 a.m. ET. Financial results for the quarter ending September 30, 2022, will be released before market open on the same day. As of August 30, 2022, the company owned 65 containerships with a capacity of 342,348 TEU, supported by contracted revenues of $2.8 billion, representing an average remaining charter term of 4.0 years. The call will be accessible via dial-in and a live webcast available on the company’s website.

Positive

• Contracted revenue of $2.8 billion, indicating strong future cash flows.
• Average remaining charter term of 4.0 years, providing stability and predictability.
• Diversified fleet of 65 containerships, enhancing operational flexibility.

Negative

• None.

LONDON, Oct. 31, 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 third quarter 2022 on Wednesday, November 9, 2022 at 10:30 a.m. Eastern Time. The Company will issue financial results for the third quarter that ended on September 30, 2022, on Wednesday, November 9, 2022, before the open of market trading.

	What:	Third Quarter 2022 Conference Call and Webcast
	When:	Wednesday, November 9, 2022 at 10:30 a.m. Eastern Time
	Where:	There are two ways to access the conference call:
		Dial-in: (646) 307-1963 or (800) 715-9871; Passcode: 8514573
		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

The webcast will 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. It was listed on the New York Stock Exchange in August 2008.

As at August 30, 2022, Global Ship Lease owned 65 containerships, ranging from 1,118 to 11,040 TEU, with an aggregate capacity of 342,348 TEU. 32 ships are wide-beam Post-Panamax.

Adjusted to include all charters agreed, up to August 30, 2022, the average remaining term of the Company’s charters as at June 30, 2022, to the mid-point of redelivery, including options under the Company’s control and other than if a redelivery notice has been received, was 3.1 years on a TEU-weighted basis. Contracted revenue on the same basis was $2.4 billion. Contracted revenue was $2.8 billion, including options under charterers’ control and with latest redelivery date, representing a weighted average remaining term of 4.0 years.

Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements provide the Company’s current expectations or forecasts of future events. Forward-looking statements include statements about the Company’s expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts. Words or phrases such as “anticipate,” “believe,” “continue,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “will” or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. These forward-looking statements are based on assumptions that may be incorrect, and the Company cannot assure you that the events or expectations included in these forward-looking statements will come to pass. Actual results could differ materially from those expressed or implied by the forward-looking statements as a result of various factors, including the factors described in “Risk Factors” in the Company’s Annual Report on Form 20-F and the factors and risks the Company describes in subsequent reports filed from time to time with the U.S. Securities and Exchange Commission. Accordingly, you should not unduly rely on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly revise any forward-looking statement to reflect circumstances or events after the date of this press release or to reflect the occurrence of unanticipated events.

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 third quarter 2022 earnings?

Global Ship Lease will announce its third quarter 2022 earnings on November 9, 2022.

What are the details for the Global Ship Lease conference call?

The conference call will be on November 9, 2022, at 10:30 a.m. ET, accessible via dial-in or live webcast.

What is the current contracted revenue for Global Ship Lease?

Global Ship Lease has a contracted revenue of $2.8 billion as of August 30, 2022.

How many containerships does Global Ship Lease own?

As of August 30, 2022, Global Ship Lease owns 65 containerships.

What is the average remaining term of charters for Global Ship Lease?

The average remaining term of charters for Global Ship Lease is 4.0 years.