Global Ship Lease (GSL) Company Report

Global Ship Lease, Inc. (GSL) has agreed to purchase three 8,600 TEU, Korean-built containerships with ECO upgrades for an aggregate price of $90 million.
The newly acquired vessels come with attached charters, which are expected to generate approximately $88 million in aggregate revenues if they run to full terms, with latest redeliveries in mid-2030.
Expected to be delivered around year-end 2025, the acquisition will be initially funded with cash on hand.
Upon delivery, GSL's fleet will comprise 71 vessels with a total capacity of 422,567 TEU, representing a strategic fleet renewal following the sale of four older, smaller vessels earlier this year.

Dec 2, 2025, 11:40 AM

Global Ship Lease Reports Strong Q3 2025 Results and Increased Dividend

GSL

Earnings

Dividends

New Projects/Investments

Global Ship Lease reported Q3 2025 operating revenue of $192.7 million, a 10.7% increase from Q3 2024, and net income available to common shareholders of $92.6 million, or $2.59 Earnings per Share (EPS), up 17.5% from Q3 2024.
The company announced an increase in its annualized dividend to $2.50 per Class A Common Share ($0.625 per quarter), representing a 19.0% increase, commencing with the Q3 2025 dividend payable around December 4, 2025.
Global Ship Lease has secured forward contract cover for 100% of 2025, 96% of 2026, and 74% of 2027, and added $778.0 million of contracted revenues during the first nine months of 2025, bringing total contracted revenues to $1.92 billion as of September 30, 2025.
Strategic fleet management included the sale of three vessels in Q1 2025 for an aggregate gain of $28.3 million, and the contracting for sale of "Dimitris Y" in May 2025 for $35.6 million, which was delivered in October 2025.

Nov 12, 2025, 9:48 PM

GSL Reports Strong Q3 2025 Contracted Revenues and Increases Dividend

GSL

Earnings

Dividends

Global Ship Lease (GSL) reported over $1.9 billion in forward contracted revenues as of September 30, 2025, providing 2.5 years of remaining contract cover. The company has full contract coverage for the remainder of 2025, 96% for 2026, and 74% for 2027.
The company announced a 19% increase in its annualized dividend to $2.50 per share, representing a 67% increase from $1.50 annualized just over a year ago.
GSL's cash position stands at $562 million, with $72 million restricted, and it is on track to reduce outstanding debt to under $700 million by the end of 2025, achieving a financial leverage of 0.5 times. The blended cost of debt is 4.34%, and the average break-even rate is just over $9,500 per day per vessel.
Geopolitical and trade policy uncertainties, including the Red Sea disruption and the deferral of the IMO net-zero framework, are increasing demand for GSL's flexible mid-size and smaller container ships, which have a significantly lower order book-to-fleet ratio (15%) compared to larger vessels.

Nov 10, 2025, 3:30 PM

Global Ship Lease Responds to China's Special Port Charges for U.S. Vessels

GSL

Global Ship Lease, Inc. (GSL) issued a statement on October 15, 2025, clarifying its status in response to China's "Implementation Measures on the Special Port Charges for U.S. Vessels".
GSL stated it is incorporated in the Republic of the Marshall Islands, with executive management in Greece, and is not owned, operated, or controlled by any U.S. enterprise, organization, or individual.
The company confirmed that none of its vessels fly the United States flag or were built in the U.S., and no single U.S. shareholder has disclosed ownership or control of 25% or more of GSL's issued and outstanding shares.
As of June 30, 2025, GSL's fleet comprised 69 vessels, with contracted revenue of $1.73 billion (mid-point redelivery, GSL control) and $2.23 billion (latest redelivery, charterer control).