Global Ship Lease to Present at BB&T Capital Markets 24th Annual Transportation Services Conference
February 04 2009 - 8:30AM
Marketwired
Global Ship Lease, Inc. (NYSE: GSL)(NYSE: GSL.U)(NYSE: GSL.WS), a
rapidly growing containership charter owner, today announced that
the Company's Chief Executive Officer, Ian Webber, is scheduled to
present at the BB&T Capital Markets 24th Annual Transportation
Services Conference in Coral Gables, FL on Wednesday, February 11,
2009 at 11:45 a.m. ET.
The presentation will be broadcast live over the Internet and
can be accessed at http://www.wsw.com/webcast/bbt13/gsl/. In
addition, the accompanying slide presentation and webcast will be
available in the Investor Relations section of Global Ship Lease's
Web site at www.globalshiplease.com.
About Global Ship Lease
Global Ship Lease is a rapidly growing containership charter
owner. Incorporated in the Marshall Islands, Global Ship Lease
commenced operations in December 2007 with a business of owning and
chartering out containerships under long-term, fixed rate charters
to world class container liner companies.
Global Ship Lease currently owns 16 vessels and has contracted
to purchase an additional three vessels. The Company has a contract
in place to purchase an additional vessel for $82 million from CMA
CGM, which is expected to be delivered in July of 2009 and also has
contracts in place to purchase two newbuildings from German
interests for approximately $77 million each, which are scheduled
to be delivered in the fourth quarter of 2010.
Once all of the contracted vessels have been delivered by the
end of 2010, Global Ship Lease will have a 19 vessel fleet with
total capacity of 74,797 TEU and a weighted average age at that
time of 7.4 years and an average remaining charter term of
approximately eight years. All of the vessels including those
contracted for future delivery are fixed on long-term charters.
Contacts: Investor and Media Contact: The IGB Group Tyler Wilson
646-673-9701
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