Global Ship Lease (GSL) Tops Q1 EPS by 3c

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Global Ship Lease Reports Results for the First Quarter of 2015

April 30, 2015 8:30 AM EDT

LONDON, April 30, 2015 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL), a containership charter owner, announced today its unaudited results for the three months ended March 31, 2015.

First Quarter and Year To Date Highlights

Reported revenue of $37.7 million for the first quarter 2015 Reported net income for common shareholders for the first quarter 2015 of $24,000 Generated $23.6 million of Adjusted EBITDA(1) for the first quarter 2015 Purchased OOCL Qingdao, a 2004-built 8,063 TEU containership for $53.6 million. Immediately upon delivery on March 11, 2015, the vessel commenced a fixed-rate time charter to... More