ATHENS, Greece, May 05, 2025 (GLOBE NEWSWIRE) -- 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 first quarter 2025 on Monday, May 19, 2025 at 10:30 a.m. Eastern Time. The Company will issue financial results for the first quarter 2025 on Monday, May 19, 2025 before the open of market trading. What:First Quarter 2025 Conference Call and Webcast When:Monday, May 19, 2025 at 10:30 a ...

Global Ship Lease (GSL) shares soared 6.9% in the last trading session to close at $19.50. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 21.9% loss over the past four weeks.The stock gained following President Donald Trump's announcement that he would pause the "reciprocal" import taxes for 90 days.This containership owner is expected to post quarterly earnings of $2.27 per share in its upcoming report, which represents a year- ...

ATHENS, Greece, March 18, 2025 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the "Company"), a containership charter owner, filed its Annual Report on Form 20-F for the year ended December 31, 2024 (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 re ...

Industry Trends - The compound annual growth rate (CAGR) of containerized trade volumes from 2010 through 2024 is projected to be 3.0%, despite fluctuations due to COVID-19 and geopolitical tensions [30]. - The container shipping industry has experienced a cyclical downturn from 2008/2009 through 2016, with improvements noted from 2017 through 2019 [30]. - The container shipping market is cyclical and volatile, with growth and long-term profitability reliant on demand for containerships and charter market conditions [28]. - The container shipping industry is cyclical, with demand influenced by global economic conditions, trade policies, and geopolitical events [102]. - The net supply CAGR for the containership fleet from 2021 to 2024 is estimated at 7.5% [102]. - The ongoing geopolitical conflicts, including the Russia-Ukraine war and tensions in the Middle East, are expected to adversely impact the company's financial results and cash flows [114]. - The economic uncertainty due to the Ukraine conflict has led to increased inflationary pressures, particularly in fuel and grain prices, which may affect charter rates and operating expenses [115]. Financial Performance and Risks - The company is dependent on charterers fulfilling their obligations, with any failure potentially leading to reduced revenues and cash flow [30]. - The company has substantial indebtedness, which could limit its ability to raise additional capital and react to changes in the economy [28]. - The company faces risks from geopolitical events, including the ongoing wars and trade tensions, which may disrupt supply chains and affect charterers' operations [30]. - The company may struggle to recharter vessels at profitable rates upon expiry of existing charters, with several charters set to expire in the first half of 2025 [56]. - The company may encounter difficulties in obtaining new charters or financing due to perceived credit quality issues with charterers [36]. - The company is exposed to risks from vessel value fluctuations, which could affect financial condition and result in losses upon disposal [70]. - The company must satisfy financial covenants, including minimum liquidity and value adjusted leverage ratio, which depend on ongoing financial performance [60]. - The company may need to recognize impairment charges if vessel values decline, which could significantly reduce earnings and net assets [72]. - The company’s ability to raise capital may be limited by declining vessel values, affecting refinancing options and collateral availability [72]. - Weak conditions in the containership sector may hinder the company's ability to generate cash flows and maintain liquidity, affecting financing options [103]. Operational Challenges - The company may need to make substantial expenditures to maintain its fleet and meet new regulatory requirements [28]. - The company is dependent on third-party managers for ship operations, which may pose risks if these managers face financial difficulties [48]. - The company may incur substantial expenditures to maintain its fleet and comply with new regulatory requirements, which could increase due to rising labor and material costs [77]. - Extended periods of off-hire for vessels could materially adversely affect the company's business and financial results [75]. - The company relies on a stable supply of consumables and spare parts; delays or unavailability could lead to off-hire days and negatively impact revenues [145]. Competition and Market Dynamics - The company faces substantial competition in acquiring vessels, with limited financing options and high costs impacting growth potential [36]. - Increased competition in technology and innovation could reduce charter hire income and the value of the company's vessels [28]. - The competitive landscape may limit the company's ability to purchase additional vessels or expand relationships with existing charterers [40]. - An oversupply of containership capacity, currently at approximately 27.4% of the total fleet capacity, may lead to reduced charter hire rates and profitability [128]. - Increased competition from more technologically advanced vessels could adversely affect the company's ability to re-charter and the resale value of its vessels [129]. Regulatory and Compliance Issues - Environmental regulations, including compliance with sulfur emission limits, may require significant retrofitting of vessels, impacting future performance and cash flows [161]. - The company must adhere to the International Ship and Port Facilities Security Code (ISPS Code), with potential costs and liabilities associated with compliance and certification maintenance [159]. - Climate change regulations may impose additional operational challenges and costs, as countries and organizations adopt frameworks to reduce greenhouse gas emissions from ships [162]. - Compliance with ballast water discharge regulations may require substantial costs for installing treatment systems on vessels [174]. - The U.S. EPA is finalizing national standards for ballast water discharges, which may impose additional compliance costs [175]. Economic and Trade Factors - China's GDP growth rate for the year ended December 31, 2024, was approximately 5.0%, a decrease from 5.2% in 2023, indicating potential economic challenges in the Asia Pacific region [110]. - The U.S. imposed tariffs of 10% on all imported goods from China and 25% on steel and aluminum imports, effective February and March 2025, respectively, which may adversely affect shipping demand [112]. - The implementation of trade protectionism by the U.S. and retaliatory measures from other countries could significantly impact the volume of exported goods and demand for shipping services [113]. Cybersecurity and Operational Risks - The company faces risks related to cybersecurity, as successful cyber-attacks could materially disrupt operations and adversely affect financial results [101]. - The company is exposed to risks from marine accidents, bad weather, and other operational challenges that could impair charterers' ability to make payments, potentially leading to financial losses [141]. Shareholder and Tax Considerations - Future sales of common stock could depress the market price, impacting the company's ability to raise additional capital [193]. - The company may issue additional shares of common stock without shareholder approval, which could dilute existing shareholders' ownership and affect dividend payments [194]. - The ability to pay dividends on Series B Preferred Shares is limited by cash generated from operations, which may fluctuate significantly [197]. - The company believes it qualifies for the Section 883 exemption for U.S. federal income tax for 2022 through 2024, but future compliance is uncertain [204]. - There are potential adverse U.S. federal income tax consequences for U.S. holders due to the company's classification as a "passive foreign investment company" (PFIC) [205].

Global Ship Lease (GSL) Q4 2024 Earnings Call March 05, 2025 05:14 PM ET Company Participants Thomas A. Lister - Chief Executive OfficerGeorge Youroukos - Executive ChairmanTassos Psaropoulos - CFO & TreasurerLiam Burke - Managing Director Operator Thank you for standing by and good day everyone. My name is Argy and I will be your conference operator today. At this time, I would like to welcome everyone to the Global Ship Please Q4 twenty twenty four Earnings Conference Call. All lines have been placed on m ...

4 th Quarter 2024 Results Presentation | 4Q 2024 Results 1 Disclaimer | 4Q 2024 Results 2 This presentation does not constitute or form part of, and should not be construed as, an offer to sell or an invitation, solicitation, or inducement to purchase or subscribe for securities with respect to any transaction, nor shall it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever. This presentation does not constitute either advice or a recommendation re ...

Core Insights - Global Ship Lease, Inc. reported a strong financial performance for the year ended December 31, 2024, with significant increases in both revenue and net income, driven by higher charter rates and fleet expansion [2][3][11]. Financial Performance - 4Q 2024 operating revenue reached $182.4 million, while full year operating revenue totaled $711.1 million, marking a 5.4% increase from 2023 [2][17]. - Net income available to common shareholders for 4Q 2024 was $90.2 million, translating to $2.54 EPS, and for the full year, net income was $344.1 million, or $9.74 EPS, reflecting a 16.6% increase from 2023 [2][38]. - Normalized net income for 4Q 2024 was $90.4 million, with a normalized EPS of $2.55, and for the full year, normalized net income was $352.7 million, or $9.99 normalized EPS, up 10.3% from 2023 [3][39]. Operational Highlights - The company added $884.8 million in contracted revenues during 2024 and early 2025, bringing total contracted revenues to $1.88 billion as of December 31, 2024 [6][11]. - Fleet utilization for 4Q 2024 was 94.5%, down from 98.1% in the prior year, primarily due to increased off-hire days for scheduled drydockings [16][17]. Fleet Management - The company acquired four high-reefer, ECO-9,000 TEU containerships for $274 million, with financing terms set at SOFR + 2.50% [4][11]. - Three older vessels were sold for a total of $54.5 million, significantly above their book value of $24.9 million, as part of the fleet renewal strategy [5][11]. Dividend and Shareholder Returns - The Board of Directors announced a quarterly supplemental dividend increase of $0.075 per share, raising the total annualized dividend to $2.10 per share, a 40% increase from the previous year [7][11]. - The company repurchased 251,772 Class A common shares for approximately $5.0 million in 2024, with a total of $57.0 million spent on share repurchases since Q3 2021 [8][11]. Debt and Financing - As of December 31, 2024, total debt was $691.1 million, down from $823.2 million in the previous year, with a significant reduction in interest expenses due to refinancing [31][34]. - Interest expense for 4Q 2024 was $7.8 million, a decrease from $11.2 million in the prior year, attributed to a lower blended cost of debt [33][34]. Market Outlook - The company expressed confidence in sustaining shareholder value through operational excellence and capital allocation discipline, despite a volatile geopolitical environment [11][10].

Core Viewpoint - Global Ship Lease, Inc. will hold a conference call on March 5, 2025, to discuss its financial results for the fourth quarter and full year 2024, with results to be released before market trading on the same day [1][2]. Company Overview - Global Ship Lease is an independent owner of containerships, operating a diversified fleet of mid-sized and smaller containerships since its inception in December 2007 [3]. - The company was listed on the New York Stock Exchange in August 2008 [3]. Fleet and Capacity - As of September 30, 2024, Global Ship Lease owned 68 containerships with capacities ranging from 2,207 to 11,040 TEU, totaling an aggregate capacity of 376,723 TEU [4]. - Among these, 36 ships are classified as wide-beam Post-Panamax [4]. Chartering and Revenue - The average remaining term of the company's charters, on a TEU-weighted basis, was 2.3 years as of September 30, 2024 [5]. - Contracted revenue, based on the same basis, was reported at $1.78 billion, while total contracted revenue, including options under charterers' control, was $2.15 billion, with a weighted average remaining term of 2.8 years [5].

Core Viewpoint - Global Ship Lease, Inc. has declared a dividend of $0.45 per Class A common share for Q4 2024, to be paid on March 6, 2025, to shareholders of record as of February 24, 2025 [1] Company Overview - Global Ship Lease is a leading independent owner of containerships with a diversified fleet of mid-sized and smaller containerships [2] - The company was incorporated in the Marshall Islands and commenced operations in December 2007, focusing on owning and chartering containerships under fixed-rate charters to top-tier container liner companies [2] - It was listed on the New York Stock Exchange in August 2008 [2] Fleet and Capacity - As of September 30, 2024, Global Ship Lease owned 68 containerships, with capacities ranging from 2,207 to 11,040 TEU, totaling an aggregate capacity of 376,723 TEU [3] - Among these, 36 ships are classified as wide-beam Post-Panamax [3] Charter Terms and Revenue - The average remaining term of the company's charters, on a TEU-weighted basis, was 2.3 years as of September 30, 2024 [4] - Contracted revenue on the same basis was reported at $1.78 billion [4] - Including options under charterers' control and with the latest redelivery date, contracted revenue was $2.15 billion, representing a weighted average remaining term of 2.8 years [4]

Core Insights - Global Ship Lease (GSL) is positioned to continue its earnings-beat streak, particularly in the upcoming report, supported by a history of positive earnings surprises [1][3] - The company reported earnings of $2.45 per share for the most recent quarter, exceeding the expected $2.43, resulting in a surprise of 0.82% [2] - For the previous quarter, GSL's earnings were $2.46 per share against an expectation of $2.27, leading to a surprise of 8.37% [2] Earnings Estimates and Predictions - Recent estimates for Global Ship Lease have been increasing, with a positive Earnings ESP of +1.96%, indicating bullish sentiment among analysts regarding the company's earnings prospects [3][6] - The combination of a positive Earnings ESP and a Zacks Rank 1 (Strong Buy) suggests a high likelihood of another earnings beat [6] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have historically produced positive surprises nearly 70% of the time [4] Earnings ESP Explanation - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [5] - A positive Earnings ESP enhances the predictive power of earnings surprises, while a negative value does not necessarily indicate an earnings miss [6][7]