Company Profile


Global Ship Lease, Inc.(GSL:NYSE)

Global Ship Lease, Inc. (NYSE:GSL)

Stock data as of
12.98


Last: 12.52
Change: 12.95(1618272000%)
Vol: 348400
Open: Tue April 13, 2021 12:00 AM
Low: 0
High: -0.43
Mkt: 482.2073


About Global Ship Lease, Inc.

Global Ship Lease, Inc. is a holding company, which owns and charters out containerships under long-term and fixed rate charters to container shipping companies. The firm's activity consists of the ownership and chartering out of containerships. The firm owns a fleet of mid-sized and smaller containerships. The firm's fleet consists of 43 containerships, ranging from 2,207 to 11,040 twenty-foot equivalent unit (TEU), with a total capacity of 245,280 TEU and an average age, weighted by TEU capacity, of 13.4 years. 25 ships are Post-Panamax, of which nine are wide beam.

Recent News

3 Shipping Stocks to Tide Over Coronavirus-Led Industry Hurdles

Tue, 13 Apr 2021 12:53:24 -0400 - 3 Shipping Stocks to Tide Over Coronavirus-Led Industry Hurdles

Container shipping is about to report blockbuster Q1 earnings

Mon, 12 Apr 2021 17:24:54 -0400 - Listed container-ship owners and operators won't report final Q1 results for another month, but three early disclosures give a taste of what's to come. The signals are flashing bright green.

3 Stocks Trading at a Discount

Mon, 12 Apr 2021 11:35:50 -0400 - If you want to enhance your likelihood to uncover bargains, one way to do so is to screen the market for equities that are trading at a discount to their intrinsic value estimate as calculated from the projected free cash flow (FCF) valuation model.

Global Ship Lease Announces Pricing of Secondary Offering of its Class A Common Shares by Certain Shareholders

Fri, 09 Apr 2021 08:24:00 -0400 - LONDON, April 09, 2021 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”) announced today the pricing of the previously announced secondary offering by certain shareholders of the Company (the “Offering”) of shares of Class A common stock, par value $0.01 per share (the “Common Shares”). KEP VI (Newco Marine), Ltd. and KIA VIII (Newco Marine), Ltd., both affiliates of Kelso & Company, a U.S. private equity firm, and Maas Capital Investments B.V. (together, the “Selling Shareholders”) have agreed to sell an aggregate of 4.5 million Common Shares in the Offering at a public offering price of $12.50 per Common Share. The Selling Shareholders have granted the underwriters a 30-day option to purchase up to an additional 675,000 Common Shares. The Company will not receive any proceeds from the sale of Common Shares by the Selling Shareholders.

Global Ship Lease Announces Secondary Offering of its Class A Common Shares by Certain Shareholders

Thu, 08 Apr 2021 16:08:00 -0400 - LONDON, April 08, 2021 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”) announced today that KEP VI (Newco Marine), Ltd. and KIA VIII (Newco Marine), Ltd., both affiliates of Kelso & Company, a U.S. private equity firm (together, the “Selling Shareholders”), intend to offer for sale in an underwritten public offering (the “Offering”) Class A common shares, par value $0.01 per share, of the Company (the “Common Shares”). The Selling Shareholders expect to grant the underwriters a 30-day option to purchase up to an additional 15% of the Common Shares offered in the Offering. The Company will not receive any proceeds from the sale of Common Shares by the Selling Shareholders.

Global Ship Lease: A Great Stock To Get Exposure In A Booming Industry

Wed, 07 Apr 2021 13:22:19 -0400 - Freight rates in container shipping industry jumped significantly. Containership demand exceeds supply considerably.

Shipping, Containers And Energy Are Potential Beneficiaries From Suez Blockade

Thu, 25 Mar 2021 13:12:39 -0400 - The Suez Canal blockade is potentially worse than Bloomberg and other financial media currently report. There's consensus a longer-duration blockade could be disruptive.

Global Ship Lease Files its Annual Report for 2020 on Form 20-F

Wed, 24 Mar 2021 16:15:00 -0400 - LONDON, March 24, 2021 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the "Company") filed its Annual Report on Form 20-F on March 19, 2021 for the year ended December 31, 2020 (the "Form 20-F") with the U.S. Securities and Exchange Commission (the "SEC").

Global Ship Lease: Estimates Seem To Lag Reality

Tue, 23 Mar 2021 09:29:06 -0400 - Container ship leasing companies are making a lot of money. The best thing is they are able to sign long-term contracts that ensure strong cash flows for years out.

Full steam ahead for Wall Street's shipping stocks

Fri, 12 Mar 2021 10:42:15 -0500 - After a decade of head fakes and disappointments, investors can be forgiven their skepticism toward shipping stocks. Add to that the pandemic unknowns.

Source:StockNews