Global Ship Lease to Present at Bank of America and Merrill Lynch Global Transportation Conference
June 03 2009 - 8:30AM
Marketwired
Global Ship Lease, Inc. (NYSE: GSL) (NYSE: GSL.U) (NYSE: GSL.WS), a
containership charter owner, today announced that the Company's
Chief Executive Officer, Ian Webber, is scheduled to present at the
Bank of America and Merrill Lynch Global Transportation Conference
in New York, NY on Wednesday, June 10, 2009 at 3:45 p.m. ET.
About Global Ship Lease
Global Ship Lease is a 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 6.1 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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