Global Ship Lease, Inc. (NYSE:GSL) Q3 2022 Earnings Conference Call November 9, 2022 10:30 AM ET

Company Participants

Ian Webber - CEO

Georgios Youroukos - Executive Chairman

Anastasios Psaropoulos - CFO & Treasurer

Thomas Lister - Chief Commercial Officer

Conference Call Participants

Omar Nokta - Jefferies

Liam Burke - B. Riley Securities

Frode Morkedal - Clarksons Securities

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Global Ship Lease Q3 2022 Earnings Conference Call. I would now like to turn the call over to Ian Webber, CEO. Please go ahead.

Ian Webber

Thank you. Good morning, good afternoon, everybody, and welcome to the Global Ship Lease Third Quarter 2022 Earnings Conference Call. The slides that accompany today's presentation are available on our website at www.globalshiplease.com.

Slides 2 and 3 remind you, as normal, 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. Actual results may differ materially from these forward-looking statements due to many factors, including those described in the safe harbor section of the slide presentation. We also draw your attention to the Risk Factors section of our most recent annual report on Form 20-F, which is for 2021 and was filed with the SEC on March 24 this year 2022. And you can obtain these via our website or via the SEC's. All of our statements are qualified by these and other disclosures in our reports filed with the SEC. We do not undertake any duty to update forward-looking statements.

For reconciliations of the non-GAAP financial measures, to which we will refer during this call, to the most directly comparable measures calculated and presented in accordance with GAAP, you should refer to the earnings release that we issued this morning which is also available on our website.

As usual, I'm joined today by our Executive Chairman, Georgios Youroukos; our Chief Financial Officer, Tassos Psaropoulos; and our Chief Commercial Officer, Tom Lister. George will begin the call with a high-level commentary on GSL and our industry. And Tassos, Tom and I will take you through our recent activity, quarterly results and financials and the current market environment. After that, we'll be pleased to take your questions.

So turning now to Slide 4. I'll pass the call over to George.

Georgios Youroukos

Thank you, Ian, and good afternoon or evening to all of you joining us today. As we have flagged in recent quarters, macro headwinds and negative economic sentiment have continued to assert pressure on consumer demand and thus in the container shipping industry, driving an ongoing normalization in the charter market, leading to downward pressure on charter rates and asset values from the historically high levels of the recent past.