Sign in

You're signed outSign in or to get full access.

Global Ship Lease (GSL)

--

Recent press releases and 8-K filings for GSL.

Global Ship Lease Discusses Strong Financial Position and Market Outlook
GSL
'Dividends'
'Share Buyback'
'New Projects/Investments'
  • Global Ship Lease (GSL) reported nearly $2 billion in contracted revenues spread over a 2.5-year average duration, with 96% coverage for 2026 and 74% for 2027.
  • The company has significantly strengthened its balance sheet, reducing outstanding debt from $950 million at the end of 2022 to an anticipated sub-$700 million by the end of 2025, and lowering financial leverage to 0.5x.
  • GSL maintains a dynamic capital allocation policy, including an annualized dividend of $2.50 per share (approximately a 7% yield) and $57 million in opportunistic share buybacks completed, with authorization for an additional $33 million.
  • The company's focus on mid-sized and smaller container ships benefits from increased demand due to supply chain fragmentation and the Red Sea situation, with this segment having a lower order book to fleet ratio of approximately 15%.
  • GSL anticipates an increasing focus on fleet renewal as its current vessels age, while maintaining its current dividend payout and opportunistic share buybacks.
Jan 27, 2026, 3:00 PM
Global Ship Lease Highlights Strong Financials, Market Position, and Shareholder Returns
GSL
Dividends
Share Buyback
New Projects/Investments
  • Global Ship Lease (GSL) reported nearly $2 billion in contracted revenues as of September 30, 2025, with 96% coverage for 2026 and 74% for 2027, providing strong cash flow visibility.
  • The company has significantly strengthened its balance sheet, reducing outstanding debt from $950 million at the end of 2022 to an anticipated sub-$700 million by the end of 2025, and lowering financial leverage to 0.5x.
  • GSL maintains an annualized dividend of $2.50 per share, yielding approximately 7%, and has completed $57 million in share buybacks with an additional $33 million authorized.
  • Favorable market dynamics, including geopolitical volatility and supply chain fragmentation, have increased demand for mid-sized and smaller container ships, where GSL operates, with a lower order book (around 15%) for these segments compared to the overall fleet.
Jan 27, 2026, 3:00 PM
Global Ship Lease Provides Corporate Update and Strategic Outlook
GSL
Dividends
Share Buyback
New Projects/Investments
  • Global Ship Lease (GSL) reported nearly $2 billion in contracted revenues spread over a 2.5-year average duration, with 96% coverage for 2026 and 74% for 2027.
  • The company has significantly strengthened its balance sheet, reducing outstanding debt from $950 million at the end of 2022 to an anticipated sub-$700 million at the end of 2025, and lowering financial leverage to 0.5x.
  • GSL increased its annualized dividend to $2.50 per share, representing a 7% dividend yield, and has authorization for an additional $33 million in share buybacks.
  • The market for mid-sized and smaller container ships, where GSL operates, benefits from geopolitical volatility, supply chain fragmentation, and a low order book of approximately 15% for these segments.
Jan 27, 2026, 3:00 PM
Global Ship Lease Reports Strong 9M 2025 Financials and Strategic Updates
GSL
Earnings
Dividends
Share Buyback
  • Global Ship Lease reported strong financial results for 9M 2025, with revenue of $575.5 million, net income of $306.7 million, and Adjusted EBITDA of $396.7 million.
  • The company maintains significant forward visibility on cash flows, with $1.92 billion in contracted revenues as of September 30, 2025, providing 96% coverage for 2026 and 74% for 2027 over an average duration of 2.5 years.
  • GSL is returning capital to shareholders through an increased overall quarterly dividend of $0.625 per common share ($2.50 annualized), effective 3Q25, and has $33.0 million remaining under its share buy-back authorization.
  • The balance sheet demonstrates strength with reduced financial leverage, reflected by an Adjusted Net Debt / Adjusted EBITDA ratio of 0.5x as of September 30, 2025, and a cash balance of $562.2 million.
  • Recent regulatory developments include the one-year suspension of USTR and China port fees from November 10, 2025, and a one-year deferral of the IMO Net Zero Framework.
Jan 26, 2026, 12:00 PM
Global Ship Lease to Acquire Three Containerships
GSL
New Projects/Investments
  • 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).
Oct 17, 2025, 8:56 PM