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Global Ship Lease Declares Quarterly Dividend per Common Share for Fourth Quarter of 2024
GSLGlobal Ship Lease(GSL) GlobeNewswire·2025-02-12 21:15

Core Viewpoint - Global Ship Lease, Inc. has declared a dividend of 0.45perClassAcommonshareforQ42024,tobepaidonMarch6,2025,toshareholdersofrecordasofFebruary24,2025[1]CompanyOverview−GlobalShipLeaseisaleadingindependentownerofcontainershipswithadiversifiedfleetofmid−sizedandsmallercontainerships[2]−ThecompanywasincorporatedintheMarshallIslandsandcommencedoperationsinDecember2007,focusingonowningandcharteringcontainershipsunderfixed−ratecharterstotop−tiercontainerlinercompanies[2]−ItwaslistedontheNewYorkStockExchangeinAugust2008[2]FleetandCapacity−AsofSeptember30,2024,GlobalShipLeaseowned68containerships,withcapacitiesrangingfrom2,207to11,040TEU,totalinganaggregatecapacityof376,723TEU[3]−Amongthese,36shipsareclassifiedaswide−beamPost−Panamax[3]CharterTermsandRevenue−Theaverageremainingtermofthecompany′scharters,onaTEU−weightedbasis,was2.3yearsasofSeptember30,2024[4]−Contractedrevenueonthesamebasiswasreportedat0.45 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]