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GSL Global Ship Lease Inc

21.80
-0.21 (-0.95%)
28 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Global Ship Lease Inc NYSE:GSL NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.21 -0.95% 21.80 21.9837 21.69 21.86 209,585 01:00:00

Global Ship Lease Announces Third Quarter 2024 Earnings Release, Conference Call and Webcast

28/10/2024 8:15pm

GlobeNewswire Inc.


Global Ship Lease (NYSE:GSL)
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From Oct 2024 to Dec 2024

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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 2024 on Monday, November 11, 2024 at 10:30 a.m. Eastern Time. The Company will issue financial results for the third quarter 2024 on Monday, November 11, 2024 before the open of market trading.

What:Third Quarter 2024 Conference Call and Webcast
  
When:Monday, November 11, 2024 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; Event ID: 2474206Please 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 of June 30, 2024, Global Ship Lease owned 68 containerships ranging from 2,207 to 11,040 TEU, with an aggregate capacity of 376,723 TEU. 36 ships are wide-beam Post-Panamax.

As of June 30, 2024, the average remaining term of the Company’s charters, to the mid-point of redelivery, including options under the Company’s control and other than if a redelivery notice has been received, was 2.2 years on a TEU-weighted basis. Contracted revenue on the same basis was $1.77 billion. Contracted revenue was $2.13 billion, including options under charterers’ control and with latest redelivery date, representing a weighted average remaining term of 2.8 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 GroupBryan Degnan646-673-9701or Leon Berman 212-477-8438

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