Global Ship Lease, Inc.

Global Ship Lease, Inc. has adopted its Second Amended and Restated Articles of Incorporation. These new articles were approved by the company's shareholders at the 2026 Annual Meeting held on June 17, 2026, and subsequently filed with the Registrar of Corporations of the Republic of the Marshall Islands on July 14, 2026.

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.

Global Ship Lease, Inc. held its 2026 Annual Meeting of Shareholders on June 17, 2026. At the meeting, shareholders elected Michael S. Gross, Menno van Lacum, and Alain Wils as directors to serve until the 2029 Annual Meeting. Additionally, the appointment of PricewaterhouseCoopers S.A. as the independent public accounting firm for fiscal year 2026 was ratified, and the Company's Second Amended and Restated Articles of Incorporation were approved.

Global Ship Lease announced that Moody's Investor Service maintained its Ba2 Corporate Family Rating and upgraded its outlook to Positive from Stable. Kroll Bond Rating Agency (KBRA) maintained the Company's BB+ corporate rating with a Stable outlook and affirmed the BBB/stable investment grade rating for its 5.69% Senior Secured Notes due 2027. The agencies cited strong credit metrics, low leverage, solid market position, and contracted revenue, with Moody's specifically highlighting the positive impact of newbuild orders with long-term charters and divestment of older assets.

Global Ship Lease, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.546875 per depositary share on its 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares. This dividend covers the period from April 1, 2026, to June 30, 2026, and will be paid on July 1, 2026, to shareholders of record as of June 24, 2026.

Global Ship Lease, Inc. announced a cash dividend of $0.546875 per depositary share for its 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares. This dividend covers the period from April 1, 2026, to June 30, 2026, and will be paid on July 1, 2026, to shareholders of record as of June 24, 2026. The company, a leading containership owner, reported a fleet of 71 vessels as of March 31, 2026, with significant contracted revenue.

Global Ship Lease, Inc. announced it has agreed to individual newbuilding contracts for 10 mid-size, ultra-high-reefer, wide-beam containerships for an aggregate purchase price of approximately $917 million. These new vessels are scheduled for delivery between Q4 2028 and Q1 2030 and are already contracted on multi-year charters with a TEU-weighted average term of 6.7 years. The company expects these charters to generate approximately $665 million in aggregate Adjusted EBITDA, aiming to replace aging fleet assets and meet evolving market needs.

Global Ship Lease reported strong first-quarter 2026 results, with operating revenue increasing to $198.1 million and Adjusted EBITDA reaching $133.2 million. The company declared a quarterly dividend of $0.625 per Class A common share, maintaining an annualized dividend of $2.50. GSL has locked in 100% of its 2026 and 86% of its 2027 forward contract cover, totaling $2.05 billion in contracted revenues. Additionally, the company is opportunistically monetizing non-core assets, having agreed to sell three older ships for $52.0 million with an anticipated gain of $25.0 million.

Global Ship Lease announced Q1 2026 unaudited results with operating revenue of $198.1 million and net income available to common shareholders of $91.4 million, or $2.54 EPS. The company declared a quarterly dividend of $0.625 per Class A common share and entered into agreements for the forward sale of three non-core ships for $52.0 million, anticipating a $25.0 million gain. GSL also reported 100% forward contract cover for 2026 and 86% for 2027, totaling $2.05 billion in contracted revenues.

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.