Business UpdateMay 12, 2026, 04:24 PM
Global Ship Lease Reports 71-Vessel Fleet, $2.77B Contracted Revenue
AI Summary
Global Ship Lease, Inc. provided an update on its fleet and charter book. As of December 31, 2025, the company operated a fleet of 71 containerships, including the newly acquired Cypress, with an average age of 17.9 years. The company reported contracted revenue of $2.24 billion with an average remaining charter term of 2.7 years, extending to $2.77 billion and 3.6 years when including charterers' options.
Key Highlights
- Global Ship Lease's fleet comprised 71 vessels as of December 31, 2025, including the Cypress.
- The fleet's average age, weighted by TEU capacity, was 17.9 years.
- 41 ships in the fleet are wide-beam Post-Panamax vessels.
- Average remaining charter term was 2.7 years (TEU-weighted) as of February 28, 2026, including options under company control.
- Contracted revenue was $2.24 billion based on company-controlled options.
- Contracted revenue reached $2.77 billion, including charterers' options, with a weighted average remaining term of 3.6 years.