Global Ship Lease Files its Annual Report for 2021 on Form 20F

Rhea-AI Summary

Global Ship Lease (NYSE:GSL) has filed its Annual Report on Form 20-F for the year ending December 31, 2021, with the SEC. The report can be accessed on the company's website. As of March 1, 2022, Global Ship Lease operates 65 containerships with a total capacity of 342,348 TEU, including 32 wide-beam Post-Panamax ships. The average remaining term of contracts is 2.6 years, with contracted revenue of $1.79 billion. Including options for charterers, total contracted revenue stands at $2.04 billion, with a remaining term of 3.3 years.

Positive

• Operates a diversified fleet of 65 containerships with a total capacity of 342,348 TEU.
• Average remaining term of charters is 2.6 years, ensuring stable cash flow.
• Total contracted revenue of $1.79 billion provides financial security.

Negative

• None

LONDON, April 04, 2022 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the "Company") has filed its Annual Report on Form 20-F for the year ended December 31, 2021 (the "Form 20-F") with the U.S. Securities and Exchange Commission (the "SEC").

In compliance with the New York Stock Exchange rules, a copy of the Form 20-F can be found under the Investor Relations section (Annual Reports) of the Company's website at http://www.globalshiplease.com. Shareholders may request a hard copy of the audited financial statements free of charge by contacting the Company at info@globalshiplease.com or by writing to Global Ship Lease, Inc., care of Global Ship Lease Services Limited, 25 Wilton Road, London, SW1V 1LW, United Kingdom or by telephoning The IGB Group at +1-646-673-9701.

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 March 1, 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, and ships contracted to be purchased, up to March 1, 2022, the average remaining term of the Company’s charters as at December 31, 2021, to the mid-point of redelivery, including options under the Company’s control and other than if a redelivery notice has been received, was 2.6 years on a TEU-weighted basis. Contracted revenue on the same basis was $1.79 billion. Contracted revenue was $2.04 billion, including options under charterers’ control and with latest redelivery date, representing a weighted average remaining term of 3.3 years.

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

FAQ

What is Global Ship Lease's recent Annual Report filing date?

Global Ship Lease filed its Annual Report on Form 20-F on April 4, 2022.

What is the contracted revenue of Global Ship Lease as of March 1, 2022?

The contracted revenue of Global Ship Lease is $1.79 billion.

How many containerships does Global Ship Lease own?

Global Ship Lease owns 65 containerships.

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

The average remaining term of charters is 2.6 years.

What is the total capacity of Global Ship Lease's fleet?

The total capacity of Global Ship Lease's fleet is 342,348 TEU.