In 2021, we anticipate 10 further dry-dockings, for regulatory requirements. - Since October 1, 2020, agreed twelve charter extensions and new charters for our existing fleet, adding approximately $198.3 million of contracted revenues and $138.6 million of expected aggregate Adjusted EBITDA. Found inside – Page 115Why was ship alteration material requisitioned for the USS Constellation after ... not grant American Global Lines , Inc. permission to lease drydock No. (9) 12-month extension at charterer’s option callable in 2Q22, at an increased rate of $20,000 per day. Interest and other finance expenses for the three months ended December 31, 2020 were $14.8 million, a decrease of $3.7 million, or 20.0%, on the interest and other finance expenses for the fourth quarter of 2019 of $18.5 million. For the year ended December 31, 2020, vessel operating expenses were $102.8 million, or an average of $6,410 per day, compared to $87.8 million, or $6,128 per day, in the comparative period, an increase of $282 per ownership day, or 4.6%. For the year ended December 31, 2020, net income available to common shareholders was $37.6 million, after a non-cash impairment charge of $8.5 million, $0.2 million loss on sale of two ships and $2.8 million premium paid on the redemption in February 2020 of $46.0 million and in December 2020 of $28.0 million of our 2022 Notes, giving normalized net income(3) of $49.1 million. Full Year 2020 and Year To Date 2021 Highlights - Reported operating revenue of $70.0 million for the fourth quarter 2020. (2) Net Income available to common shareholders. 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. Loss on sale of vessels - vessel impairment losses. Normalized net income represents net income available to common shareholders adjusted for impairment charges, the premium paid on redemption of our 2022 Notes and gains/losses on sale of vessels. On November 15, 2018, it completed a strategic combination with Poseidon Containers. (7) GSL Christen commenced a new charter with Maersk in 3Q20, with escalating charter rates: the rate for the first four months is $12,250 per day, after which it climbs to $14,000 per day until mid-March 2021, and thereafter increases to $15,000 per day. Accordingly, you should not unduly rely on these forward-looking statements, which speak only as of the date of this press release. Found inside – Page 116Based on Selected Papers from the 4th International Lloyd's Shipping ... and, 31-33 Investment shipping industry, in, 82, 85 Leasing annual termination ... LONDON, March 04, 2021 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company,” “Global Ship Lease” or “GSL”), a containership charter owner, announced today its unaudited results for the three months and year ended December 31, 2020. LONDON, Nov. 06, 2019 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the "Company" or "Global Ship Lease"), a containership charter owner, announced today its unaudited results for the three and nine month periods ended September 30, 2019.. Third Quarter and Year To Date Highlights - Reported operating revenue of $65.9 million for the third quarter 2019. The Company’s Annual Report for 2019 was filed with the Securities and Exchange Commission (the “Commission”) on April 2, 2020. July 31, 2017 Global Ship Lease Reports Results for the Second Quarter of 2017 LONDON, July 31, 2017 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL), a containership charter owner, The Directors, Philippe Lemonnier, Henry Mannix III and Alain Pitner, were elected to serve until the 2024 Annual Meeting of Shareholders and until . Adjusted EBITDA for the year ended December 31, 2020 was $161.7 million, compared to $157.0 million for the comparative period, with the net increase being due to the addition of vessels. Adjusted EBITDA is a non-U.S. GAAP quantitative measure used to assist in the assessment of the Company's ability to generate cash from its operations. If all options are exercised, the vessels are expected to generate approximately $126.0 million of Adjusted EBITDA. LONDON, May 12, 2020 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. 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