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GSL - Global Ship Lease Inc News Story

$5.17 0.1  1.4%

Last Trade - 3:20pm

Sector
Industrials
Size
Small Cap
Market Cap £68.6m
Enterprise Value £653.6m
Revenue £205.0m
Position in Universe 4376th / 6376

Global Ship Lease Announces Fourth Quarter and Full Year 2019 Earnings Release, Conference Call and Webcast

Mon 24th February, 2020 1:30pm
Global Ship Lease Announces Fourth Quarter and Full Year 2019 Earnings Release, Conference Call and Webcast

LONDON, Feb. 24, 2020 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL), a containership charter owner, announced today that it will hold a conference call to discuss the Company’s results for the fourth quarter and full year 2019 on Thursday, March 5, 2020 at 10:30 a.m. Eastern Time. The Company will issue financial results for the fourth quarter and full year ended December 31, 2019 on Thursday, March 5, 2020 before the open of market trading.

  
What:Fourth Quarter and Full Year 2019 Conference Call and Webcast
  
When:Thursday, March 5, 2020 at 10:30 a.m. Eastern Time
  
Where:There are two ways to access the conference call:
  
 Dial-in: (877) 445-2556 or (908) 982-4670; Passcode: 9278676
 Please 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
  

If you are unable to participate at this time, a replay of the call will be available through Saturday, March 21, 2020 at (855) 859-2056 or (404) 537-3406. Enter the code 9278676 to access the audio replay. The webcast will also 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. On November 15, 2018, it completed a strategic combination with Poseidon Containers.

Including the two Post-Panamax containerships delivered in early 2020, Global Ship Lease owns 45 ships, ranging from 2,207 to 11,040 TEU, of which nine are fuel efficient new-design wide beam, with a total capacity of 249,160 TEU and an average age, weighted by TEU capacity, of 12.8 years as at December 31, 2019.

Adjusted to include all charters agreed up to February 24, 2020, the average remaining term of the Company’s charters at December 31, 2019, to the mid-point of redelivery, including options under the Company’s control, was 2.5 years on a TEU-weighted basis. Contracted revenue on the same basis was $766 million. Contracted revenue was $851 million, including options under charterers’ control and with latest redelivery date, representing a weighted average remaining term of 2.8 years.

Investor and Media Contact:
The IGB Group
Bryan Degnan
646-673-9701
or
Leon Berman
212-477-8438

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