Welcome to our dedicated page for Global Ship Lease news (Ticker: GSL), a resource for investors and traders seeking the latest updates and insights on Global Ship Lease stock.
Global Ship Lease Inc (NYSE: GSL) provides essential maritime transportation solutions through its containership leasing operations. This news hub offers investors and industry observers direct access to official corporate communications and market developments.
Key updates include quarterly earnings disclosures, vessel acquisition announcements, and charter contract renewals. Our curated collection enables stakeholders to track operational milestones, financial performance, and strategic initiatives within the container shipping sector.
Regular updates feature critical business developments such as fleet expansion projects, financing arrangements, and sustainability initiatives. The chronological presentation allows efficient tracking of GSL's progress in maintaining its position as a leading containership lessor.
Bookmark this page for streamlined access to verified information about Global Ship Lease's market activities. Check back regularly to monitor how the company navigates shipping industry dynamics through its disciplined asset management approach.
Global Ship Lease, Inc. (NYSE:GSL) announced a cash dividend of $0.546875 per depositary share, representing a 1/100th interest in its 8.75% Series B Preferred Shares. This dividend is for the period from October 1, 2020 to December 31, 2020 and will be paid on January 4, 2021, to shareholders on record as of December 23, 2020. The company, an independent owner of containerships, operates a diverse fleet of 43 vessels with a total capacity of 245,280 TEU.
Global Ship Lease (NYSE: GSL) announced a mandatory partial redemption of its 9.875% First Priority Secured Notes due 2022, amounting to $28 million at 102% of the principal, plus accrued interest. The redemption is set for December 7, 2020, as mandated by the note's indenture. After this action, approximately $233.4 million of the Notes will remain outstanding. The company operates a fleet of 43 containerships, with a total capacity of 245,280 TEU and an average ship age of 13.4 years.
Global Ship Lease (NYSE:GSL) has updated its investor presentation, available on its website, showcasing positive market data for containerized trade and the containership charter market. The focus lies on the mid-sized and smaller containership segments. The company operates a fleet of 43 vessels with a total capacity of 245,280 TEU, averaging 13.4 years in age. As of September 30, 2020, the average remaining term of charters is 2.3 years, with contracted revenue reaching $688.9 million.
Global Ship Lease (GSL) reported unaudited results for Q3 and nine months ending September 30, 2020. Q3 operating revenue reached $70.5 million, while YTD revenue was $212.8 million, a 10% increase from 2019. Net income for Q3 stood at $13.6 million, with normalized net income at $37.8 million YTD. GSL raised $8.9 million through its ATM program and secured charter extensions, increasing 2021 contracted EBITDA to $144.2 million. Moody's upgraded GSL's credit outlook from B3/Stable to B3/Positive, highlighting improved financial flexibility.
Global Ship Lease (NYSE:GSL) announced a conference call on November 9, 2020, to discuss its third-quarter results ending September 30, 2020. Financial results will be released before market trading on the same day. The company owns 43 containerships, totaling 245,280 TEU capacity, with an average age of 13.2 years. As of June 30, 2020, the average remaining term of charters was 2.4 years, with contracted revenue of $688.3 million. Investors can access the call via dial-in or webcast.
Global Ship Lease's credit outlook has been upgraded by Moody's to B3 / Positive from B3 / Stable, highlighting resilience in the container shipping industry and an improved leverage profile. The company's Executive Chairman noted strong demand for its fleet and a lack of new orders, positioning them favorably in the market. With 43 containerships and substantial contracted revenue of $761.7 million, Global Ship Lease aims to capitalize on robust charter rates while focusing on refinancing its Senior Secured Notes.
Global Ship Lease (NYSE:GSL) announced an updated investor presentation on its re-launched website, showcasing strong performance in the containership charter market. The presentation highlights a notable recovery in mid-sized and smaller containership segments, correlating with robust performance by liner operators. As of June 30, 2020, Global Ship Lease operates 43 containerships with a total capacity of 245,280 TEU. The average remaining term of charters is 2.4 years, with contracted revenue amounting to $688.3 million.
Global Ship Lease (NYSE: GSL) announced the election of three Term III Directors at its 2020 Annual Meeting of Shareholders in London. Directors Michael Gross, Menno van Lacum, and Alain Wils will serve until the 2023 Annual Meeting. The Company also ratified the appointment of PricewaterhouseCoopers S.A. as the independent public accounting firm for the fiscal year ending December 31, 2020. Global Ship Lease owns 43 containerships with an average age of 13.2 years, and has contracted revenue of $659.1 million, reflecting a stable operational outlook.
Global Ship Lease (GSL) reported its unaudited financial results for Q2 2020, revealing operating revenue of $71.4 million, a 13.2% increase from Q2 2019. Net income available to shareholders was $12.6 million after accounting for a $0.9 million impairment charge. Adjusted EBITDA reached $41.8 million, up from $38.4 million in the prior year. The company secured charter extensions and new contracts, locking in 97% of its Adjusted EBITDA for 2020, while reducing debt by $20.5 million. Despite challenges from COVID-19, GSL anticipates market recovery with reduced idle capacity.
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.
