Global Ship Lease Announces New Forward Charter Agreement
17 Maio 2022 - 9:39AM
Global Ship Lease, Inc. (NYSE: GSL) (the “Company”) today announced
a forward agreement of a 48-52 month charter for the 8,600 TEU,
2004-built GSL Ningbo. The charter under the new terms is scheduled
to commence in July 2023, at a rate generating average annualized
EBITDA of approximately $16.6 million, which is 3.1 times that
under its existing charter agreed in late 2020.
George Youroukos, Executive Chairman of Global
Ship Lease, commented, “We are proud to announce this forward
charter for the GSL Ningbo, at an attractive rate and multi-year
duration that demonstrate the continued strength of the charter
market. We believe that this long-term forward charter on a vessel
that will be approaching 20 years old is illustrative of not just
an expectation by our liner customers that containerized freight
demand will remain robust, but also a recognition that a highly
specified and well-maintained older vessel can remain a key
contributor well into its third decade of operation. This forward
charter materially improves our contract cover and forward
visibility on cash flows, consistent with our conservative and
risk-averse strategy of locking in value over time, and we remain
focused on securing similar such attractive charters moving
forward.”
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 at May 17, 2022, Global Ship
Lease owned 65 containerships, ranging from 1,118 to 11,040
TEU, with an aggregate capacity of 342,348 TEU. 32 ships are
wide-beam Post-Panamax.Adjusted to include all charters agreed, and
ships contracted to be purchased, up to May 17, 2022, the
average remaining term of the Company’s charters as at March
31, 2022, to the mid-point of redelivery, including options under
the Company’s control and other than if a redelivery notice has
been received, was 2.5 years on a TEU-weighted basis. Contracted
revenue on the same basis was $1.76 billion. Contracted
revenue was $2.00 billion, including options under charterers’
control and with latest redelivery date, representing a weighted
average remaining term of 3.1 years.
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.
CONTACT:Investor and Media Contact: The IGB GroupBryan
Degnan646-673-9701or Leon Berman 212-477-8438
Global Ship Lease (NYSE:GSL)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
Global Ship Lease (NYSE:GSL)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024