ExpansionJun 24, 2026, 04:41 PM
Global Ship Lease Orders 5 New Containerships for $413M
AI Summary
Global Ship Lease, Inc. announced newbuilding contracts for five additional mid-size, ultra-high-reefer, wide-beam containerships for approximately $413 million. These ships are scheduled for delivery within 2029 and are contracted on multi-year charters with an average term of 8.1 years, expected to generate $362 million in Adjusted EBITDA over their firm terms. This expansion brings the company's total newbuilding orderbook to 15 ships, collectively projected to generate over $1.0 billion in Adjusted EBITDA.
Key Highlights
- Agreed to newbuilding contracts for 5 additional containerships.
- Aggregate purchase price for the 5 newbuilds is approximately $413 million.
- Delivery of the newbuilds is scheduled to take place within 2029.
- Newbuilds are contracted on multi-year charters with a TEU-weighted average term of 8.1 years.
- Expected to generate aggregate Adjusted EBITDA of approximately $362 million over firm charter terms.
- Additional $131 million Adjusted EBITDA if all extension options are exercised.
- Total newbuilding orderbook now stands at 15 ships.
- Overall orderbook expected to generate over $1.0 billion of Adjusted EBITDA.
Price Impact
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