Global Ship Lease (GSL) Reports $917M in Newbuilding Contracts for 10 Containerships

Global Ship Lease, Inc. (NYSE:GSL) is one of the 10 Most Profitable Small Cap Stocks to Buy.

On June 5, 2026, Global Ship Lease, Inc. (NYSE:GSL) agreed to newbuilding contracts for 10 mid-size, ultra high reefer containerships. It is valued at about $917 million, with deliveries scheduled between Q4 2028 and Q1 2030. The company said the vessels carry multi-year charters averaging 6.7 years, expected to have around $665 million in aggregate adjusted EBITDA.

On May 22, 2026, Global Ship Lease, Inc. (NYSE:GSL) reported Q1 results with revenue of $198.1 million and net income of $91.4 million, or $2.54 per share. It also had an adjusted EBITDA of $133.2 million. The firm announced $86.1 million in contracted revenues, bringing total contracted revenue to $2.05 billion with a 2.6-year weighted duration.

Global Ship Lease (GSL) Reports $917M in Newbuilding Contracts for 10 Containerships

Executive Chairman George Youroukos said the company achieved “100% coverage for 2026 and 86% for 2027,” with stronger demand and rising bunker costs, tightening vessel supply. CEO Thomas Lister added that the firm maintained a “fortress balance sheet.“

Global Ship Lease, Inc. (NYSE:GSL), along with its subsidiaries, owns and leases containerships under fixed-rate charters to container shipping companies globally.

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