GSL Global Ship Lease, Inc.
Price Chart
Executive Summary
Global Ship Lease has contracted to build 10 mid-size, ultra-high-reefer, wide-beam containerships for ~$917 million total, with deliveries scheduled from 4Q 2028 to 1Q 2030. All 10 vessels are already fixed on multi-year charters averaging 6.7 years, expected to generate ~$665 million in aggregate Adjusted EBITDA over their charter terms. This is a significant fleet renewal investment with contracted cash flows, but with execution risk and a long timeline before revenue contribution.
Actionable Insight
This is a credit-positive catalyst for the preferred shares: a large, pre-chartered fleet renewal program that extends the revenue backlog and backs the dividend coverage. Monitor upcoming 20-F for debt financing details and any impact on leverage ratios.
Key Facts
- Aggregate purchase price of approximately $917 million for 10 newbuilding containerships.
- Deliveries scheduled between 4Q 2028 and 1Q 2030.
- All 10 vessels on multi-year charters with TEU-weighted average term of 6.7 years.
- Expected aggregate Adjusted EBITDA of approximately $665 million over respective charter terms.
- Existing forward charter cover of $2.1 billion spread over 2.6 years as of March 31, 2026.
- Fleet of 71 vessels as of March 31, 2026, with TEU-weighted average age of 18.2 years.
- Average remaining charter term of 2.6 years on TEU-weighted basis as of March 31, 2026.
Financial Impact
$917 million capital commitment, expected to generate ~$665 million in Adjusted EBITDA over ~6.7-year charter terms
Risk Factors
- Conditions precedent to the contracts have not yet been satisfied.
- Deliveries do not begin until Q4 2028, with a ~2-3.5 year lag before revenue contribution.
- Financing for $917 million capex not yet disclosed—could increase leverage.
- Execution risk on shipyard delivery schedules and charterer performance.
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001140361-26-024114 |
| Document: ef20075569_6k.htm | 0001140361-26-024114 |
| Document: 0001140361-26-024114-index-headers.html | 0001140361-26-024114 |
| Document: 0001140361-26-024114-index.html | 0001140361-26-024114 |
| Document: 0001140361-26-024114.txt | 0001140361-26-024114 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 9, 2026
3d ago
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6-K
| $27.23 awaiting T+5 | awaiting T+5 | — | $40.07 (+47.14%) |
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Jun 8, 2026
4d ago
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Press Release
| $37.87 awaiting T+5 | awaiting T+5 | — | $40.07 (+5.81%) |
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Jun 5, 2026
7d ago
|
6-K
| $26.65 awaiting T+5 | awaiting T+5 | — | $40.07 (+50.36%) |
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May 22, 2026
21d ago
|
6-K
| $27.10 $26.72 | ▼ −1.40% | ▼ −2.61% | $40.07 (+47.86%) |
|
May 22, 2026
21d ago
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Press Release
| $38.02 $37.93 | ▼ −0.24% | ▼ −1.91% | $40.07 (+5.39%) |
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Apr 27, 2026
6w ago
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Press Release
| $39.66 $39.75 | ▲ +0.23% | ▼ −1.46% | $40.07 (+1.03%) |
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Mar 20, 2026
12w ago
|
Press Release
| $38.23 $35.96 | ▼ −5.94% | ▼ −2.37% | $40.07 (+4.81%) |
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Mar 9, 2026
13w ago
|
Press Release
| $39.63 $38.14 | ▼ −3.76% | ▼ −2.85% | $40.07 (+1.11%) |
|
Mar 5, 2026
14w ago
|
Press Release
| $38.52 $37.42 | ▼ −2.86% | ▼ −0.62% | $40.07 (+4.02%) |
US Market Status
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