Global Ship Lease Announces Fourth Quarter and Full Year 2024 Earnings Release, Conference Call and Webcast
Global Ship Lease (NYSE:GSL) has announced it will release its fourth quarter and full year 2024 financial results on Wednesday, March 5, 2025, before market opening, followed by a conference call at 10:30 a.m. Eastern Time.
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Rhea-AI Summary
Global Ship Lease (NYSE:GSL) has announced it will release its fourth quarter and full year 2024 financial results on Wednesday, March 5, 2025, before market opening, followed by a conference call at 10:30 a.m. Eastern Time.
As of September 30, 2024, the company owns 68 containerships with an aggregate capacity of 376,723 TEU, including 36 wide-beam Post-Panamax vessels. The average remaining charter term is 2.3 years on a TEU-weighted basis, with contracted revenue of $1.78 billion. Including charterers' options, contracted revenue reaches $2.15 billion with a weighted average remaining term of 2.8 years.
Positive
- Fleet of 68 containerships with 376,723 TEU total capacity
- Contracted revenue of $1.78 billion with 2.3-year average charter term
- Extended revenue potential of $2.15 billion including charter options
Negative
- None.
Details
News Market Reaction – GSL
The recorded move for GSL in the trading session of this news was -1.78%.
Data tracked by StockTitan Argus. Session date unavailable.
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ATHENS, Greece, Feb. 20, 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 fourth quarter and full year 2024 on Wednesday, March 5, 2025 at 10:30 a.m. Eastern Time. The Company will issue financial results for the fourth quarter and full year 2024 on Wednesday, March 5, 2025 before the open of market trading.
| What: | Fourth Quarter and Full Year 2024 Conference Call and Webcast |
| When: | Wednesday, March 5, 2025 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: 2916262 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 | |
| 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 September 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 September 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 2.3 years on a TEU-weighted basis. Contracted revenue on the same basis was
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:
IGB Group
Bryan Degnan
646-673-9701
or
Leon Berman
212-477-8438
FAQ
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