Welcome to our dedicated page for Global Ship Lease news (Ticker: GSL), a resource for investors and traders seeking the latest updates and insights on Global Ship Lease stock.
Global Ship Lease Inc (NYSE: GSL) provides essential maritime transportation solutions through its containership leasing operations. This news hub offers investors and industry observers direct access to official corporate communications and market developments.
Key updates include quarterly earnings disclosures, vessel acquisition announcements, and charter contract renewals. Our curated collection enables stakeholders to track operational milestones, financial performance, and strategic initiatives within the container shipping sector.
Regular updates feature critical business developments such as fleet expansion projects, financing arrangements, and sustainability initiatives. The chronological presentation allows efficient tracking of GSL's progress in maintaining its position as a leading containership lessor.
Bookmark this page for streamlined access to verified information about Global Ship Lease's market activities. Check back regularly to monitor how the company navigates shipping industry dynamics through its disciplined asset management approach.
Global Ship Lease (NYSE:GSL) has submitted its Annual Report on Form 20-F for the fiscal year ending December 31, 2022. The report, accessible via the company’s website, outlines the fleet's performance and financial health. As of February 28, 2023, GSL owned 65 containerships with a total capacity of 342,348 TEU. The average remaining charter term is 2.7 years, with contracted revenue at $2.09 billion. Including options, total contracted revenue reaches $2.50 billion, with a longer average charter term of 3.5 years. Shareholders can request audited financial statements at no cost.
Global Ship Lease, Inc. (NYSE:GSL) has declared a cash dividend of $0.546875 per depositary share for the period from January 1 to March 31, 2023. The dividend will be paid on April 3, 2023 to shareholders on record as of March 27, 2023. The company operates a diversified fleet of 65 containerships with a total capacity of 342,348 TEU. As of December 31, 2022, contracted revenue stood at $2.09 billion with an average charter term of 2.7 years. This announcement reflects the company's ongoing commitment to returning value to shareholders.
Global Ship Lease reported a significant increase in financial performance for 2022, with operating revenue rising 44.1% to $645.6 million and net income available to common shareholders increasing 73.7% to $283.4 million. The company declared a quarterly dividend of $0.375 per share and added $21.7 million in firm contracted revenues from new charters. Adjusted EBITDA climbed 68.6% to $398.3 million. The company also repurchased shares totaling $30.0 million under its buy-back program. Despite positive results, management acknowledged ongoing challenges in the container shipping industry.
Global Ship Lease (NYSE:GSL) announced a conference call for discussing its fourth quarter and full year 2022 results on March 1, 2023, at 10:30 a.m. Eastern Time. Financial results will be released before market trading opens on the same day. The call will be accessible via a dial-in number or a live webcast. As of December 29, 2022, Global Ship Lease owned 65 containerships with a total capacity of 342,348 TEU. The company reported contracted revenue of $2.65 billion, with an average charter remaining term of 3.7 years. These results and future guidance will provide insights into the company's strategic direction.
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