Global Ship Lease

Global Ship Lease, Inc. is a holding company, which owns and charters out containerships under long-term and fixed rate charters to container shipping companies. It also focuses on the operation and technical management of each vessel, such as crewing, provision of lubricating oils, maintaining the vessel, periodic dry docking, and performing work required by regulations. The company was founded on May 3, 2007 and is headquartered in London, the United Kingdom.

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Global Ship Lease (GSL) reports strong Q4 performance and growth strategies

Global Ship Lease (GSL) demonstrates financial strength and strategic positioning through secured contracts, diversified charterer base, and disciplined acquisitions.
While facing industry challenges and operational uncertainties, GSL aims to leverage opportunities in a market with decreasing asset values and a focus on sustainability.
The company's balance of deleveraging efforts, cash-building trajectory, and potential shareholder returns reflect a prudent approach to financial management.
GSL's commitment to financial resilience, market resilience, and sustainability initiatives underpin its strategic direction and growth prospects.

Global Ship Lease reports robust Q1 earnings and growth outlook

Global Ship Lease (GSL) delivered strong financial performance, expanded its fleet, and expressed optimism for industry growth.
Despite challenges like rising fuel costs and market competition, GSL's strategic focus on sustainability and financial management positions it well for future opportunities.
Investors can look forward to GSL's continued growth trajectory, with a clear commitment to sustainability and strategic expansion in the container shipping sector.

Global Ship Lease (GSL) reports robust Q2 earnings amidst market uncertainties

Global Ship Lease (GSL) demonstrated strong financial performance and strategic capital allocation in Q2 2023.
Despite market uncertainties, GSL's low idle capacity and manageable order book-to-fleet ratio provide operational resilience.
The company's focus on liquidity, disciplined acquisitions, and maintaining a strong balance sheet position GSL for sustainable growth.

Global Ship Lease (GSL) reports robust Q3 performance and strategic growth outlook

Global Ship Lease (GSL) showcased resilience amidst market challenges, emphasizing financial strength, strategic investments, and commitment to sustainability. The company's focus on disciplined capital allocation and operational efficiency positions them well for future growth and value creation.

Global Ship Lease (GSL) strengthens balance sheet amidst market uncertainties

Global Ship Lease (GSL) navigated market uncertainties in Q4 2023 by focusing on fortifying its balance sheet, maintaining dividends, and pursuing strategic investments. The company reported improved financial performance, highlighted its diversified charter base, and emphasized a proactive approach to capital allocation and debt reduction.

Global Ship Lease (GSL) reports strong Q1 earnings and strategic growth focus

Global Ship Lease (GSL) delivered a robust performance in Q1 2024, driven by positive earnings momentum and strategic financial initiatives. The company's focus on deleveraging, disciplined capital allocation, and sustainable dividends positions them well for future growth and acquisition opportunities. Challenges in managing revenues and debt, along with market dynamics, require careful attention and strategic planning.

Global Ship Lease (GSL) boosts dividend by 20% amid strong market conditions

Global Ship Lease (GSL) navigated through Q2 2024 with strong financial results, strategic dividend decisions, and a focus on financial stability. Despite industry challenges, GSL remains optimistic about market conditions and revenue growth. The company's proactive approach towards deleveraging and investment exploration positions them well for future opportunities and sustained growth.

Global Ship Lease (GSL) reports robust Q3 performance and outlook

Global Ship Lease (GSL) showcased strong financial performance and strategic focus on fleet renewal and shareholder value creation.
While facing market challenges and uncertainties, GSL's robust financial standing and positive momentum position it well for future growth.
Opportunities lie in capitalizing on charter market strength, sustainability initiatives, and strategic partnerships to drive continued success.

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Container shipping has been under pressure in 2020.

Global Ship Lease: Speculative Buy

Global Ship Lease: Strong Purchase In Turbulent Times

Global Ship Lease: A 13.5% Baby Bond Yielder From This Virus-Resistant Global Shipper Of Groceries

Global Ship Lease, Inc. (GSL) CEO Ian Webber on Q1 2020 Results - Earnings Call Transcript

Global Ship Lease (GSL) delivered earnings and revenue surprises of 41.46% and -0.23%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Global Ship Lease (GSL) Q1 Earnings Top Estimates

LONDON, May  12, 2020  (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company” or “Global Ship Lease”), a containership charter owner, announced today its unaudited results for the three months ended March 31, 2020.

Global Ship Lease Reports Results for the First Quarter of 2020

Global Ship Lease (GSL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Global Ship Lease (GSL) to Report Q1 Results: What to Know Ahead of the Release

LONDON, April  03, 2020  (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, 2019 (the "Form 20-F") with the U.S. Securities and Exchange Commission (the "SEC").

Global Ship Lease, Inc. Files its Annual Report on Form 20-F

Global Ship Lease, Inc. (GSL) CEO Ian Webber on Q4 2019 Results - Earnings Call Transcript

LONDON, March  05, 2020  (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”) announced today that the Company’s Board of Directors has declared a cash dividend of $0.546875 per depositary share, each representing a 1/100th interest in a share of its 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares (the “Series B Preferred Shares”) (NYSE:GSLPrB). The dividend represents payment for the period from January 1, 2020 to March 31, 2020 and will be paid on April 1, 2020 to all Series B Preferred Shareholders of record as of March 25, 2020.

Global Ship Lease Declares - Quarterly Dividend on its 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares

An 8% Baby Bond Yield From Global Ship Lease With Smooth Sailing Ahead

LONDON, Jan.  31, 2020  (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the “Company”) today announced that it has delivered notice of partial redemption of its 9.875% First Priority Secured Notes due 2022 (the “Notes”) to Citibank, N.A., London Branch, as trustee, paying agent (in such capacity, the “Paying Agent”) and registrar (in such capacity, the “Registrar”). The Company has elected to effect an optional redemption (the “Optional Redemption”) of $46,000,000 aggregate principal amount of the Notes (the “Redeemed Notes”) at a redemption price equal to 104.938% of the principal amount thereof (the “Redemption Price”) plus accrued and unpaid interest to, but not including, the redemption date of February 10, 2020 (the “Redemption Date”).

Global Ship Lease Announces Partial Redemption of  9.875% First Priority Secured Notes Due 2022

LONDON, Dec.  09, 2019  (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the “Company”) today announced the results of the cash tender offer (the “Annual Mandatory Offer”) to purchase up to $20.0 million aggregate principal amount (the “Maximum Offer Amount”) of its outstanding 9.875% First Priority Secured Notes due 2022 (the “Notes”). The Annual Mandatory Offer expired at 5:00 p.m., New York City time, on December 6, 2019.

Global Ship Lease Announces Results of Annual Mandatory Offer to Purchase up to $20.0 Million of First Priority Secured Notes

LONDON, Dec.  05, 2019  (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”) announced today that the Company’s Board of Directors has declared a cash dividend of $0.546875 per depositary share, each representing a 1/100th interest in a share of  its 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares (the “Series B Preferred Shares”) (NYSE:GSLPrB). The dividend represents payment for the period from October 1, 2019 to December 31, 2019 and will be paid on January 2, 2020 to all Series B Preferred Shareholders of record as of December 23, 2019.

Global Ship Lease  Declares Quarterly Dividend on its 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares

Full exercise of option results in aggregate net proceeds from the 8.00% Senior Unsecured Notes Offering to approximately $29.7 million Full exercise of option results in aggregate net proceeds from the 8.00% Senior Unsecured Notes Offering to approximately $29.7 million

Global Ship Lease Announces Full Exercise of Underwriters’ Option to Purchase Additional Senior Unsecured Notes Due 2024

Global Ship Lease: A New 8.00% Baby Bond IPO From This Shipping Company

LONDON, Nov.  25, 2019  (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the “Company” or “Global Ship Lease”) today announced that its previously announced cash tender offer (the “Annual Mandatory Offer”) to purchase up to $20.0 million aggregate principal amount of its outstanding 9.875% First Priority Secured Notes due 2022 (the “Notes”) at a purchase price of 102% of the aggregate principal amount thereof plus accrued and unpaid interest to, but not including, the purchase date, has been extended until 5:00 p.m. New York City time on Friday, December 6, 2019, unless further extended or earlier terminated by the Company.  Except for the extension of the Annual Mandatory Offer, all other terms and conditions of the Annual Mandatory Offer remain unchanged. As of November 25, 2019, $17,277,000 aggregate principal amount of Notes had been validly tendered pursuant to the Annual Mandatory Offer and not properly withdrawn.

Global Ship Lease Announces Extension of Annual Mandatory Offer to Purchase up to $20.0 Million of First Priority Secured Notes

6,080 TEU containerships to be employed on 52 – 60 months charters with a leading liner operator 6,080 TEU containerships to be employed on 52 – 60 months charters with a leading liner operator

Global Ship Lease Announces Agreement to Acquire Two Post-Panamax Containerships on Long Term Charters

LONDON, Nov.  14, 2019  (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the “Company” or “Global Ship Lease”) announced today that it has priced its offering of $27.5 million aggregate principal amount of senior unsecured notes due 2024 (the “Notes”) in a registered underwritten public offering (the “Notes Offering”). The Notes will bear interest at 8.00% per year, payable in arrears on the last day of February, May, August and November of each year, commencing on February 29, 2020 and at maturity. The Notes will mature on December 31, 2024, and may be redeemed in whole or in part, at the Company’s option, at any time (i) on or after December 31, 2021 and prior to December 31, 2022, at a price equal to 102% of the principal amount to be redeemed, (ii) on or after December 31, 2022 and prior to December 31, 2023, at a price equal to 101% of the principal amount to be redeemed, and (iii) on or after December 31, 2023 and prior to maturity, at a price equal to 100% of the principal amount to be redeemed, in each case, plus accrued and unpaid interest to, but excluding, the date of redemption. The Company intends to use the net proceeds of the Notes Offering to repay a portion of the Company’s 9.875% First Priority Secured Notes due 2022. The Company has granted the underwriters a 30-day option to purchase an additional $4.125 million aggregate principal amount of Notes. The Notes will be issued in minimum denominations of $25.00 per Note and integral multiples of $25.00 in excess thereof. The offering is expected to close on November 19, 2019.

Global Ship Lease Announces Pricing of Public Offering of $27.5 Million 8.00% Senior Notes Due 2024

LONDON, Nov.  13, 2019  (GLOBE NEWSWIRE) --  Global Ship Lease, Inc. (NYSE: GSL) (the “Company” or “Global Ship Lease”) announced today that it plans to offer senior unsecured notes due 2024 (the “Notes”) in a registered underwritten public offering (the “Notes Offering”). The Company intends to use the net proceeds of the Notes Offering to repay a portion of the Company’s 9.875% First Priority Secured Notes due 2022. The Company also intends to grant the underwriters a 30-day option to purchase additional Notes representing 15% of the offered amount of Notes from the Company. The Notes will be issued in minimum denominations of $25.00 per Note and integral multiples of $25.00 in excess thereof.

Global Ship Lease Announces Public Offering of Senior Notes Due 2024

LONDON, Nov.  08, 2019  (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the “Company”) today announced that S&P Global Ratings (“S&P”) has raised the Company’s long-term issuer credit rating and first priority senior secured notes to B+ from B on the basis of new charters at favorable rates, extended debt maturities, rebalancing supply and demand conditions, and an improved leverage profile.

Global Ship Lease’s Credit Rating Upgraded to B+ by S&P Global Ratings

Global Ship Lease, Inc. (GSL) CEO Ian Webber on Q3 2019 Results - Earnings Call Transcript

The ship charterer Global Ship Lease Inc. (NYSE: GSL) reported higher earnings and revenue for the third quarter of 2019 when compared with the same period last year.

For Global Ship Lease, Small Is Beautiful — And So Is IMO 2020

LONDON, Oct.  25, 2019  (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the “Company”) today announced that it is commencing a cash tender offer (the “Annual Mandatory Offer”) to purchase up to $20.0 million aggregate principal amount (the “Maximum Offer Amount”) of its outstanding 9.875% First Priority Secured Notes due 2022 (the “Notes”) at a purchase price of 102% of the aggregate principal amount thereof plus accrued and unpaid interest to, but not including, the purchase date.

Global Ship Lease Announces Annual Mandatory Offer to Purchase up to $20.0 Million of First Priority Secured Notes

Global Ship Lease is a containership pureplay focused on medium- and long-term charters.

News for Global Ship Lease Stock (GSL)