Global Ship Lease Reports Results for the Third Quarter of 2026, Further de-risked Its newbuilding program with $1.0 billion credit facility

Global Ship Lease (GSL) reported its unaudited results for the third quarter of 2026, with operating revenue of $201.4 million and net income available to common shareholders of $99.2 million. For the full year to date in 2026, GSL's operating revenue reached $598.1 million, and net income available to common shareholders was $279.9 million. Adjusted EBITDA for Q3 2026 was $138.8 million, and for the year up to September 30, 2026, it amounted to $403.4 million.

In October 2026, GSL secured a $1.0 billion credit facility, which will be used to finance 15 newbuildings. This new facility, with an interest rate of SOFR + 1.5%, is to be drawn in tranches corresponding to the respective deliveries of the newbuildings. Additionally, GSL announced it had exercised options to build two mid-size, ultra-high-reefer, wide-beam containerships for a total contract price of $163.0 million, set for delivery in Q4 2029.