Global Ship Lease (GSL) Tops Q2 EPS by 2c

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Global Ship Lease Reports Results for the Second Quarter of 2015

August 4, 2015 8:30 AM EDT

Initiates Quarterly Dividend of $0.10 Per Class A Common Share Agrees to Acquire 8,063 TEU OOCL Ningbo for September Delivery Intends to Raise Dividend to $0.125 per Class A Common Share, or $0.50 Annualized, Following Full Contribution of OOCL Ningbo in Fourth Quarter

LONDON, Aug. 4, 2015 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL), a containership charter owner, announced today its unaudited results for the three months and six months ended June 30, 2015. Second Quarter and Year To Date Highlights

Reported revenue of $41.0 million for the second quarter 2015.... More

Global Ship Lease Announces Agreement With OOCL to Acquire Third 8,063 TEU Vessel

August 4, 2015 8:28 AM EDT

-- Third Sale-and-Leaseback Agreement Provides Immediately Accretive Earnings Growth

-- Acquisition Expected to Generate Annual EBITDA in Excess of $9.4 Million

-- Agreed to $35.0 Million Credit Facility With DVB Bank to Partially Finance Acquisition

LONDON, Aug. 4, 2015 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the "Company") announced today that it has agreed to acquire the OOCL Ningbo, a 2004-built, 8,063 TEU containership from Orient Overseas Container Line Limited ("OOCL") for a purchase price of $53.6 million.

The OOCL Ningbo is... More

Global Ship Lease Announces Agreement With OOCL to Acquire Third 8,063 TEU Vessel

August 4, 2015 8:28 AM EDT

-- Third Sale-and-Leaseback Agreement Provides Immediately Accretive Earnings Growth

-- Acquisition Expected to Generate Annual EBITDA in Excess of $9.4 Million

-- Agreed to $35.0 Million Credit Facility With DVB Bank to Partially Finance Acquisition

LONDON, Aug. 4, 2015 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the "Company") announced today that it has agreed to acquire the OOCL Ningbo, a 2004-built, 8,063 TEU containership from Orient Overseas Container Line Limited ("OOCL") for a purchase price of $53.6 million.

The OOCL Ningbo is... More