Operator
Good day, and thank you for standing by. Welcome to the Global Ship Lease first-quarter 2021 earnings conference call. [Operator instructions] Please be advised that today s conference may be recorded. [Operator instructions] I d now like to hand the conference over to your host today, Ian Webber, chief executive officer of Global Ship Lease.
Please go ahead.
Chief Executive Officer
Thank you very much. Good morning, good afternoon, everybody, and welcome to our first-quarter 2021 earnings conference call. The slides that accompany today s presentation are available on our website at www.globalshiplease.com. Slides 2 and 3, as usual, remind you that today s call may include forward-looking statements that are based on current expectations and assumptions and are, by their nature, inherently uncertain and outside of the company s control.
Global Ship Lease Reports Results for the First Quarter of 2021
Global Ship Lease, Inc., a containership charter owner, announced its unaudited results for the three months ended March 31, 2021.
First Quarter 2021
– Reported operating revenue of $73.0 million for the first quarter 2021.
– Reported net income available to common shareholders of $4.2 million for the first quarter 2021 after $5.8 million premium paid on the full optional redemption of our outstanding 9.875% Senior Secured Notes due 2022 (“2022 Notes”) on January 20, 2021, an associated non-cash write off of deferred financing charges of $3.7 million and of original issue discount of $1.1 million, a non-cash charge of $1.3 million for accelerated stock based compensation expense due to vesting and new awards of fully vested incentive shares, and a prepayment fee of $1.6 million on the partial repayment of our Blue Ocean Junior Credit Facility, giving normalized net income(3) of $17.8 million.
Why it s time for EastEnders to rest the Mitchells gangster storylines
We need a break from guns, warehouses and dodgy jobs.
By Laura Denby
The Mitchells have been an iconic presence in
EastEnders for decades, with Phil s son Ben teaming up with him in recent years to continue the family business .
Their enduring soap legacy is unwavering, but now these gangster exploits have become a tired tradition. With the duo showing no sign of slowing down, it s about time they were given a break from the same old antics.
Every run-in with the Old Bill ends with Phil and Ben managing to outsmart them. Their trusty solicitor Ritchie Scott (Sian Webber) has had an impressive success rate in helping her notorious clients out of trouble, yet it only leads to them going round in circles.
Reviewed by Ian Webber
Unlike many bands signed to Facedown Records, this four piece outfit from North Carolina have a much softer approach to their rock. Keyboards swirl and wash over the listener to create a soundscape that is altogether more progressive than many of their label mates. Guitars still crunch, along with wrenched vocals such as in the hardcore inspired Sirens , but these musical tools are used sparingly as a much more open and lilting approach is sought. Man O Shipwreck is a beautiful example where stripped back orchestration creates a vulnerable and haunting melody. At times this talented bunch reminds me of House Of Heroes with their ability to mix punchy tight rock with a much more affecting sound. In the style of a concept album, lyrics that reflect our need for saving from ourselves are poignant and cutting. Seth Davey repeats, Are we so righteous, we can make all the wrongs right? as a refrain in Desolate Isle . The inventive Voices From The Shore mixes
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Global Ship Lease Reports Results for the Fourth Quarter of 2020
Global Ship Lease Inc.March 4, 2021 GMT
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.
Full Year 2020 and Year To Date 2021 Highlights
- Reported operating revenue of $70.0 million for the fourth quarter 2020. Operating revenue for the year ended December 31, 2020 was $282.8 million.
- Reported net income available to common shareholders of $10.8 million for the fourth quarter 2020 after $0.5 million premium paid on the redemption in December 2020 of $28.0 million of our 9.875% Senior Secured Notes due 2022 (“2022 Notes”), giving normalized net income(3) of $11.3 million. For the year ended December 31, 2020