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 (NYSE: GSL) announced a partial redemption of its 8.00% Senior Notes due 2024, totaling $28.5 million at a redemption price of 102.00% plus accrued interest. The redemption date is set for April 5, 2022. Following the redemption, approximately $89.02 million of the Notes will remain outstanding. As of March 1, 2022, Global Ship Lease operates a fleet of 65 containerships with a total capacity of 342,348 TEU and has contracted revenue of $1.79 billion, reflecting a weighted average remaining charter term of 2.6 years.
Global Ship Lease (GSL) declared a quarterly dividend of $0.25 per common share and authorized $40.0 million for share repurchases. In 2021, GSL reported operating revenue of $448.0 million, a 58.4% increase from 2020. Net income for the year was $163.2 million, with a normalized EPS of $4.86. The fleet expanded by over 50% via strategic acquisitions, delivering significant increases in contracted revenue. GSL anticipates a 50% dividend increase to $0.375 starting Q1 2022, driven by strong demand in the containership market.
Global Ship Lease (GSL) will announce its fourth quarter and full year 2021 financial results on March 2, 2022, before market open. A conference call to discuss these results is scheduled for the same day at 10:30 a.m. ET. The company currently owns 65 containerships with a total capacity of 342,348 TEU and has a contracted revenue of $1.89 billion, with an average remaining charter term of 2.8 years. Investors can access the call via dial-in or a live webcast on the company’s website.
Global Ship Lease, Inc. (NYSE:GSL) announced a quarterly dividend of $0.25 per share for Q4 2021, payable on March 4, 2022, to shareholders on record by February 22, 2022. The Board of Directors intends to increase the quarterly dividend by 50% to $0.375 starting from Q1 2022. As of January 25, 2022, GSL owns 65 containerships with a total capacity of 342,348 TEU, and reported $1.89 billion in contracted revenue. The company's average charter term stands at 2.8 years.
Global Ship Lease announced a new three-year charter for the Kumasi, a 2,200 TEU vessel, at a daily rate of $38,000, reflecting a 300% increase over its previous rate. This charter is set to commence after the vessel’s drydock in January 2022. Additionally, the company secured refinancing for $219.4 million in debt, extending its maturity from 2024 to 2026 and reducing interest rate exposure. The firm has also implemented a USD LIBOR cap of 0.75% on about half its floating rate debt, further stabilizing its financial position amidst rising rates.
Global Ship Lease (NYSE:GSL) has declared a cash dividend of $0.546875 per depositary share for its 8.75% Series B Preferred Shares, covering the period from October 1 to December 31, 2021. This dividend will be paid on January 3, 2022, to shareholders of record as of December 27, 2021. The company owns 65 containerships with an aggregate capacity of 342,348 TEU and has contracted revenue of approximately $2.1 billion.
Global Ship Lease (GSL) has announced a 50% increase in its quarterly dividend to $0.375 per share, effective Q1 2022, marking a more than threefold rise since January 2021. This decision comes alongside new five-year charters for the Eco 9,115 TEU vessels, Al Khor and Maira XL, expected to generate approximately $206 million in Adjusted EBITDA. The company's total contracted revenue now stands at $1.85 billion. These developments reflect GSL's strategy to secure cash flow in a robust charter market and enhance shareholder value.
Global Ship Lease (NYSE:GSL) announced its Q3 2021 results, reporting operating revenue of $138.6 million with a net income available to common shareholders of $62.9 million. The company has expanded its fleet by over 50% in 2021, delivering 23 new vessels on charter. A quarterly dividend of $0.25 per share has been declared, payable on December 2, 2021. Adjusted EBITDA reached $72.7 million for Q3. Furthermore, under its ATM program, GSL raised a total of $71.4 million since inception, securing non-dilutive funding.
Global Ship Lease (NYSE:GSL) has announced a conference call to discuss its third-quarter results on November 10, 2021, at 10:30 a.m. Eastern Time. The company will release its financial results before market opening on the same day. As of August 31, 2021, GSL owned a fleet of 61 containerships and contracted to purchase four additional vessels, totaling 65 ships with a capacity of 342,378 TEU. Contracted revenue stood at $1.61 billion, with an average remaining charter term of 3.1 years.
Global Ship Lease (NYSE:GSL) has joined over 150 maritime industry leaders in a call to action for global decarbonization of shipping by 2050. The initiative urges governments to establish policies and investments necessary for zero-emission shipping and for implementing the IMO GHG Strategy in 2023. Specific goals include making zero-emission shipping the default choice by 2030 and providing support for industrial-scale zero-emission projects. Executive Chairman George Youroukos emphasized the urgency for government action as global trade heavily relies on maritime transport, accounting for 80% of trade.
