Global Ship Lease, Inc.

Hello and thank you for standing by. My name is Bella and I will be your conference operator today. At this time, I would like to welcome everyone to Global Ship Lee's Q2 2025 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speakers remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star, then the number one in your telephone keypad. To withdraw your question, press star one again. I would now like to turn the conference over to Mr. Thomas Lister, CEO of Global Ship Lease. You may begin.

Thank you. Hello everyone and welcome to the Global Ship Lease second quarter 2025 earnings conference call. You can find the slides of the company today's presentation on our website at .globalshiplease.com. As usual, slides two and three 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. 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 would also like to direct your attention to the risk factors section of our most recent annual report on our 2024 form 20F, which was filed in March 2025. You can find the form on our website or on the SECs. 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. The 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 usually refer to the earnings release that we issued this morning, which is also available on our website. I'm joined as usual today by our executive chairman, George Youroukos, and by our chief financial officer, Tasos Tsouropoulos. George will begin the call with high-level commentary on GSL and our industry, and then Tasos and I will take you through our recent activity, quarterly results and financials and the current market environment. After that, we will be pleased to take your questions. So turning now to slide four, our past call over to George.

Thank you, Tom, and good morning, afternoon, or evening to all of you joining today. As in the last several quarters, uncertainty and volatility related to tariffs, trade disruptions, and geopolitical tensions have continued to materially impact the global container shipping industry. This set of factors is highly diverse, and of course, there have been numerous additions to such measures announced in recent days. But as we will explain today, the through line is that they are all making containerized supply chains less efficient, which as long as consumer demand holds up, means that more vessels are needed to carry the same volume of cargo. In this environment, our fleet of flexible mid-size and smaller container ships has remained in high demand, and we have secured nearly 400 million of additional charter coverage in the first half of the year, effectively closing out any 2025 market exposure and bringing 2026 coverage to 80%. Meanwhile, we have selectively and opportunistically sold all the ships, crystallizing the cyclically high values and providing us with additional dry powder for freight renewal when the right opportunities arise. Our strong grade ratings reflect the fortress-like quality of our balance sheet and our extensive contracted revenue backlog. We have also continued to pay dividends to our investors with the recent increase bringing our annualized dividend payment to $2.10 per common share. We are pleased to provide an attractive total return to our shareholders. So far this year, we have not only outperformed our peer group, but have also outperformed the S&P 500 by approximately four times. In summary, we're maximizing our optionality to manage risks and capitalize on opportunities in an unpredictable market, all of which providing our investors with a combination of stability, total return, upside potential and good trading liquidity in our shares. With that, I will turn the call over to Tom.