Financial Data and Key Metrics Changes - The company reported an increase in earnings and cash flow compared to Q1 2024, which was already a strong quarter [14] - Gross debt increased to just under $778 million due to financing of recently acquired vessels, while cash position stood at $428 million, with $90 million restricted [14][15] - The net debt to EBITDA ratio has improved to under 1, down from 8.4 times at the end of 2018, indicating significant deleveraging [15][16] Business Line Data and Key Metrics Changes - The company added 19 charters worth approximately $352 million in contracted revenues during Q1 2025, bringing total contracted revenues to nearly $1.9 billion with an average remaining contract cover of 2.3 years [11][12] - The charter market remains strong, with the company’s breakeven rate at approximately $9,300 per vessel per day, significantly lower than current market charter rates [33][36] Market Data and Key Metrics Changes - The container ship charter market has remained exceptionally tight, with essentially zero idle capacity globally [6] - The overall order book for ships over 10,000 TEU is 54.3%, contrasting with only 11.5% for ships under 10,000 TEU, indicating a limited replacement capacity for the company’s focus segment [32] Company Strategy and Development Direction - The company aims to maximize optionality and financial resilience while maintaining a disciplined approach to fleet renewal and capital allocation [12][36] - The strategy includes opportunistically monetizing older ships to build cash reserves for future investments [8][36] Management's Comments on Operating Environment and Future Outlook - Management highlighted the macroeconomic uncertainty and its impact on the container shipping industry, noting that the situation remains fluid with potential uneven effects from tariffs and trade barriers [6][7] - The company is well-positioned to capitalize on opportunities as they arise, with a strong balance sheet and increased return of capital to shareholders through a raised dividend [9][36] Other Important Information - The company has successfully reduced its cost of debt to a blended rate of 3.99%, despite rising interest rates in the broader market [16] - The company’s fleet includes 10 Chinese-built ships, with only four larger than 4,000 TEU, minimizing exposure to potential U.S. tariffs on Chinese-built vessels [25] Q&A Session Summary Question: Interest in extending existing charters at better rates - Management indicated that while some charters fixed during the super cyclical high of COVID may see a reduction in rates, there is still appetite for attractive new charters [43][44] Question: Acquisition front and asset prices - Management stated they are always looking at deals but maintain strict criteria for acquisitions, focusing on financial sense rather than growth for its own sake [47][48] Question: Charter market dynamics and recent activity - Management noted a temporary slowdown in the charter market in April, but recent interest has picked up following a surge in spot freight rates [55][56] Question: Cash position and future plans - Management emphasized the importance of maintaining a robust cash position for flexibility and resilience, while continuing to deleverage and manage risks [60]

Financial Data and Key Metrics Changes - The company reported an increase in earnings and cash flow compared to Q1 2024, which was already a strong quarter [12] - Gross debt increased to just under $778 million due to financing of recently acquired vessels, while cash position stood at $428 million, with $90 million restricted [12][13] - The net debt to EBITDA ratio has improved to under 1, down from 8.4 times at the end of 2018, indicating significant deleveraging [14] Business Line Data and Key Metrics Changes - The company added 19 charters worth approximately $352 million in contracted revenues during Q1 2025, bringing total contracted revenues to nearly $1.9 billion with an average remaining contract cover of 2.3 years [9][10] - The company has maintained a disciplined approach to fleet renewal and capital allocation, focusing on maximizing optionality while covering CapEx obligations [10] Market Data and Key Metrics Changes - The container ship charter market remains exceptionally tight, with essentially zero idle capacity globally, despite normalization of headline freight rates [5] - The company noted that tariffs and trade barriers have complicated the macroeconomic picture, but demand for mid-sized and smaller container ships remains strong [5][6] Company Strategy and Development Direction - The company aims to maximize optionality to take advantage of the cyclical nature of the industry while ensuring long-term strength in any market conditions [7][8] - The strategy includes opportunistically monetizing older ships to build cash reserves for investment and fleet renewal [6][10] Management's Comments on Operating Environment and Future Outlook - Management highlighted the extraordinary volatility and uncertainty in the macro and geopolitical environment, focusing on financial resilience and maximizing optionality [33] - The company is well-positioned to pursue opportunities as they arise, particularly in renewing its fleet as older vessels age out [35] Other Important Information - The company has increased its annualized dividend to $2.1 per share, a 40% increase from the previous year [7] - The average cost of debt has been reduced to 3.99%, providing a strong financial position amid rising operating expenses [14][33] Q&A Session Summary Question: Interest from charter customers to extend existing charters at better rates - Management indicated that it depends on which charters are rolling off, with some fixed during high periods likely to be lower if re-fixed now, but overall appetite for attractive rates remains strong [40][41] Question: Acquisition front and asset prices - Management stated they are always looking at deals but maintain strict criteria for acquisitions, only pursuing financially sensible opportunities [43][44] Question: Charter market characterization over the past week - Management noted a similar change in sentiment in the charter market, with a brief slowdown in April followed by renewed interest and appetite in recent weeks [52][53] Question: Cash position and future plans - Management emphasized the importance of maintaining a robust cash position for flexibility and resilience, while continuing to deleverage and manage risks [56][57]

Financial Performance - Revenue increased to $191 million in 1Q 2025, up from $179.6 million in 1Q 2024[16, 27] - Net income increased to $121 million in 1Q 2025, up from $89.5 million in 1Q 2024[16, 27] - Adjusted EBITDA increased to $132.3 million in 1Q 2025, up from $125.4 million in 1Q 2024[16, 27] - Normalized net income increased to $94.3 million in 1Q 2025, up from $89.1 million in 1Q 2024[16, 27] Contract Coverage and Revenue - $352 million in contracted revenues were added in 1Q 2025[16, 20, 66] - Contract cover is 93% for 2025 and 75% for 2026[16] - Contracted revenues as of March 31, 2025, were $1.87 billion with an average remaining contract cover of 2.3 years[20] Capital Allocation and Debt Management - The annualized dividend increased to $2.10 per share[16, 21, 22, 66] - $85 million re-fi pushes weighted average debt maturity to 5.1 years & cost to 3.99%[27, 66] - Average break-even cash flows reduced to $9,314 per vessel per day[66] Fleet and Market Dynamics - Sub-10,000 TEU vessels are the focus, serving non-mainlane trades which constitute approximately 74% of global containerized trade volume[43] - Red Sea disruption has absorbed approximately 10% of effective global capacity[45] - The orderbook to fleet ratio for the company's focus segments (2,000 – 9,999 TEU) is 11.5%[63]

Core Insights - Global Ship Lease, Inc. reported strong financial results for the first quarter of 2025, with a significant increase in net income and earnings per share, reflecting resilience amid geopolitical challenges in the transportation industry [3][4][25]. Financial Performance - Operating revenue for Q1 2025 was $191.0 million, up 6.3% from $179.6 million in Q1 2024 [4][8]. - Net income available to common shareholders was $121.0 million, translating to earnings per share (EPS) of $3.40, a 35.2% increase from the previous year [4][25]. - Normalized net income for Q1 2025 was $94.3 million, with a normalized EPS of $2.65, reflecting a 5.8% increase year-over-year [4][26]. - Adjusted EBITDA for the quarter was $132.3 million, up 5.5% from $125.4 million in Q1 2024 [4][17]. Operational Highlights - The company added $352 million in contracted revenues during Q1 2025, bringing total contracted revenues to $1.87 billion over a weighted average remaining duration of 2.3 years [4][35]. - Fleet utilization for Q1 2025 was 93.7%, down from 98.8% in the prior year, attributed to increased off-hire days for scheduled drydockings [8][10]. - Vessel operating expenses increased by 4.4% to $50.0 million, primarily due to the addition of new vessels and inflationary pressures [12]. Strategic Developments - The company has locked in forward contract cover for 93% of 2025 days and 75% of 2026 days, amounting to nearly $1.9 billion [3][4]. - A quarterly dividend of $0.525 per Class A common share was declared, increasing the annualized dividend to $2.10 per share [4][3]. - The company completed the sale of three vessels for a total gain of $28.5 million during the quarter [4][16]. Debt and Financing - As of March 31, 2025, total debt was $777.7 million, with a weighted average cost of debt at 3.99% and a maturity runway of 5.1 years [18][20]. - Interest expense for Q1 2025 was $9.9 million, down from $10.5 million in the prior year, reflecting a decrease in the blended cost of debt [20]. Market Context - The company continues to navigate a dynamic geopolitical landscape affecting supply chains, emphasizing the importance of flexibility and optionality in operations [3][4]. - Demand for mid-sized and smaller container ships remains strong as liner operators seek to adapt to changing cargo flows [3].

Company Overview - Global Ship Lease, Inc. is a leading independent owner of containerships with a diversified fleet of mid-sized and smaller containerships [2] - The company commenced operations in December 2007 and was listed on the New York Stock Exchange in August 2008 [2] Fleet and Operations - As of December 31, 2024, the company had a fleet of 71 vessels with an average age weighted by TEU capacity of 17.6 years [3] - The company agreed to purchase newly acquired vessels, with three delivered in December 2024 and one in January 2025 [3] - The company sold an older vessel, Tasman, with expected delivery in late March 2025, and two more vessels, Akiteta and Keta, in February 2025 [3] Charter Agreements - The average remaining term of the company's charters, on a TEU-weighted basis, was 2.3 years as of December 31, 2024 [4] - Contracted revenue on a TEU-weighted basis was $1.88 billion, while total contracted revenue, including options under charterers' control, was $2.37 billion, representing a weighted average remaining term of 2.9 years [4] Dividend Declaration - The company's Board of Directors declared a dividend of $0.525 per Class A common share for the first quarter of 2025, to be paid on June 3, 2025 [1]

Core Viewpoint - Global Ship Lease, Inc. will hold a conference call on May 19, 2025, to discuss its first quarter 2025 financial results, which will be released before market trading begins on the same day [1]. Company Overview - Global Ship Lease is an independent owner of containerships, operating a diversified fleet of mid-sized and smaller vessels. The company was incorporated in the Marshall Islands and began operations in December 2007, focusing on owning and chartering containerships under fixed-rate charters to top-tier container liner companies. It was listed on the New York Stock Exchange in August 2008 [2]. Fleet Information - As of December 31, 2024, the company had a fleet of 71 vessels with an average age weighted by TEU capacity of 17.6 years. The company has recently acquired new vessels, with three delivered in December 2024 and one in January 2025. Additionally, the company has sold older vessels, including Tasman, Akiteta, and Keta, with expected delivery dates in early 2025 [3]. Charter and Revenue Details - The average remaining term of the company's charters, weighted by TEU capacity, was 2.3 years as of December 31, 2024. The contracted revenue on this basis was $1.88 billion. Including options under charterers' control, the total contracted revenue was $2.37 billion, representing a weighted average remaining term of 2.9 years [4].

Thank you for standing by and good day, everyone. My name is RG and I will be your conference operator today. At this time, I would like to welcome everyone to the Global Sheep Police Q4 2024 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a Q&A session. If you would like to ask questions during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, ...

Financial Data and Key Metrics Changes - The company generated $9.74 earnings per share (EPS) for 2024, which rises to just below $10 EPS on a normalized basis [7] - The company has reduced its outstanding debt by more than $130 million from the end of the previous year [26] - The cost of debt has decreased to 3.85%, with a blended cost of debt lower than ten-year treasuries [30][49] Business Line Data and Key Metrics Changes - The company added $714 million of contracted revenues in 2024, with $118 million added in the fourth quarter [10] - As of December 31, 2024, the company has close to $1.9 billion in contracted revenues, amounting to 2.3 years of average remaining contract cover [16][46] Market Data and Key Metrics Changes - The disruptions in the Red Sea have absorbed ship capacity equivalent to around 10% of global supply, leading to increased earnings in both freight and charter markets [33][44] - The order book for vessels under 10,000 TEU is modest at 11.3%, with a potential negative net fleet growth of up to 6.5% through 2028 if older vessels are scrapped [43] Company Strategy and Development Direction - The company is focused on renewing its fleet by purchasing high specification eco vessels while rotating out older ships [12][24] - The company aims to maximize optionality and manage risks while seizing opportunities in a complex market environment [13][50] Management's Comments on Operating Environment and Future Outlook - The geopolitical environment remains uncertain, but the company has positioned itself to manage both challenges and opportunities effectively [48] - The company expects attractive opportunities to invest in the business and renew its fleet in the coming years [49] Other Important Information - The company announced an increase in its annualized dividend to $2.10 per share starting in 2025, reflecting a 40% increase since the introduction of the supplemental dividend [11][47] - The company has a healthy cash position of $274 million, with $106 million restricted for specific uses [27] Q&A Session Summary Question: What is the appetite of liner companies for vessels opening for re-charter? - The company is not seeing rates coming down in the charter market and continues to see appetite for midsize and smaller container ships due to limited availability [57][58] Question: Are there plans for more asset divestments? - The company sold three older vessels opportunistically but remains focused on holding assets to lock in cash flow while balancing fleet age [60][62]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2022 Commission File Number: 001-34153 Global Ship Lease, Inc. (Translation of registrant's name into English) c/o Global Ship Lease Services Limited 25 Wilton Road London SW1V 1LW United Kingdom (Address of principal executive office) Indicate by check mark whether the registrant files or will file ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) o REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR o SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...