Global Ship Lease Inc (NYSE: GSL) |
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Price: $22.1991
$0.26
1.181%
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Day's High:
| $22.05
| Week Perf:
| 1.83 %
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Day's Low: |
$ 21.86 |
30 Day Perf: |
0.72 % |
Volume (M): |
11 |
52 Wk High: |
$ 30.32 |
Volume (M$): |
$ 250 |
52 Wk Avg: |
$23.87 |
Open: |
$21.76 |
52 Wk Low: |
$18.75 |
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Market Capitalization (Millions $) |
798 |
Shares
Outstanding (Millions) |
36 |
Employees |
57 |
Revenues (TTM) (Millions $) |
675 |
Net Income (TTM) (Millions $) |
305 |
Cash Flow (TTM) (Millions $) |
11 |
Capital Exp. (TTM) (Millions $) |
152 |
Global Ship Lease Inc
We are a Republic of the Marshall Islands corporation that owns a fleet of
modern containerships of a range of sizes. Our business is to charter out our
fleet under long-term, fixed-rate charters to reputable container shipping companies
to generate stable revenues and predictable cashflows.
We were formed in 2007 to purchase and charter back containerships then owned
or to be purchased by CMA CGM, the third largest containership operator in the
world. We acquired our initial fleet of 17 containerships from CMA CGM between
December 2007 and August 2009. All of the vessels were time chartered to CMA
CGM for terms between five and 17 years. Two of the initial charters, relating
to our 4,113 TEU vessels, Ville d’Aquarius and Ville d’Orion, expired
in September 2012 and were renewed successively with CMA CGM until expiry late
April 2014 for Ville d’Aquarius and late May 2014 for Ville d’Orion.
New charters were agreed with Sea Consortium, trading as X-Press Feeders, commencing
May 7, 2014 and extended effective December 3, 2014 for between four and six
months for Ville d’Aquarius and July 17, 2014 for between six and 12 months
for Ville d’Orion. On October 28, 2014 we took delivery of our eighteenth
vessel, the 8,063 TEU OOCL Tianjin, having purchased her from Orient Overseas
Container Lines Limited (“OOCL”). The vessel was immediately chartered
back to OOCL for between 36 and 39 months. The TEU weighted average remaining
term of our charters, excluding the Ville d’Aquarius and Ville d’Orion
which are deployed in the short term charter market, was 6.4 years and TEU weighted
average age for the fleet was 10.7 years.
A time charter is a contract for the use of a vessel for a fixed period of
time at a specified daily rate. Under a time charter, the vessel owner provides
crew, lubricating oil, all maintenance and other services related to the vessel’s
operation, the cost of which is included in the daily rate. The vessel owner
is also responsible for insuring its interests in the vessel and liabilities
as owner arising from its use. The charterer is responsible for substantially
all of the vessel’s voyage costs, such as fuel (bunker) costs, canal fees,
port expenses, extra war risk insurance costs if the vessel is deployed outside
normal insurance limits and for entering areas which are specified by the insurance
underwriters as being subject to additional premiums and cargo handling charges.
Initial Charters
Each of the vessels in our initial fleet of 17 vessels was or remains subject
to a time charter with CMA CGM based on standard industry terms. We have separate
subsidiaries to own each vessel in our fleet. We guarantee the obligations of
each of our subsidiaries under the charters. Each of our initial charters commenced
on each vessel’s delivery. Due to different delivery dates and durations,
our charters will expire on different dates and over a period of time. We believe
the staggered expirations of our charters will reduce our exposure to rechartering
risk upon expiration of our initial charters and may mitigate the impact of
the cyclical nature of the container shipping industry. The charters on our
initial 17 vessels had terms of five to 17 years (plus or minus 90 days at charterer’s
option). We agreed with CMA CGM, with effect from February 1, 2014, to extend
by three years the charters on four vessels at a lower on-going daily charter
rate.
Company Address: 9 Irodou Attikou Street, Athens 14561
Company Phone Number: 210 6233670 Stock Exchange / Ticker: NYSE GSL
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Customers Net Income grew by |
GSL's Customers Net Profit Margin fell to |
2 % |
8.84 %
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Stock Performances by Major Competitors |
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Dividend
Published Wed, Dec 4 2024 9:15 PM UTC
In a recent announcement from Athens, Greece, Global Ship Lease, Inc. (NYSE:GSL), a notable player in the containership charter industry, confirmed the declaration of a cash dividend on its 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares (NYSE:GSLPrB). As stated in their press release dated December 4, 2024, the Board of Directors set the dividend at $0.54687...
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Merger and Acquisition
Published Wed, Dec 4 2024 1:31 PM UTC
Global Ship Lease Inc. Strengthens its Fleet with Efficient Vessels While Announcing Quarterly Dividend Amidst Market GrowthOn December 4, 2024, Global Ship Lease Inc. (NYSE: GSL), a prominent player in the marine transportation sector, unveiled its strategic acquisition of four 2015/2016-built post-Panamax vessels. This acquisition comes from a non-conventional seller and r...
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Dividend
Published Tue, Sep 10 2024 8:16 PM UTC
Global Ship Lease Declares Quarterly Dividend Amid Market Fluctuations: A Look at Recent Developments
On September 10, 2024, Global Ship Lease, Inc. (NYSE: GSL), a prominent player in the containership chartering industry, issued a press release announcing the declaration of a cash dividend on its 8.75% Series B Cumulative Redeemable Perpetual Prefe...
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Product Service News
Published Mon, Aug 12 2024 8:15 PM UTC
Global Ship Lease Inc. (GSL) has recently embarked on a strategic initiative aimed at fortifying its financial position through a newly established $300 million senior secured facility. This financial maneuver is poised to trigger a comprehensive refinancing effort designed to streamline outstanding debts, extend maturity dates, enhance the cost of debt, and increase the num...
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Management Announcement
Published Wed, Jun 26 2024 8:16 PM UTC
Global Ship Lease Announces Credit Rating Upgrades as Quarterly ROI Reaches New High Global Ship Lease Inc, a leading container ship charter owner, has recently received credit rating upgrades from Moody s, S&P, and KBRA. Moody s upgraded the company s corporate family rating, while S&P upgraded its credit rating. KBRA also upgraded Global Ship Lease s issuer rating and...
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Per Share |
Current |
Earnings (TTM) |
8.21 $ |
Revenues (TTM) |
18.78 $
|
Cash Flow (TTM) |
0.3 $ |
Cash |
5.44 $
|
Book Value |
32.96 $
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Dividend (TTM) |
0 $ |
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Per Share |
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Earnings (TTM) |
8.21 $
|
Revenues (TTM) |
18.78 $ |
Cash Flow (TTM) |
0.3 $ |
Cash |
5.44 $
|
Book Value |
32.96 $ |
Dividend (TTM) |
0 $ |
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