Global Ship Lease Acquires Three ECO Containerships for $90 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 01 2025
0mins
Global Ship Lease announced the purchase of three 8,600 TEU, Korean-built containerships with ECO upgrades for an aggregate purchase price of $90 million. The Newly Acquired Vessels have attached charters with a leading liner company. The charters are at below-market rates and have flexible durations, with latest redeliveries in mid-2030. Assuming the charters run to their full terms, they are expected to generate aggregate revenues of approximately $88 million; and at a through-cycle scrap price of $400 per LWT, the ships would have a combined scrap value of approximately $40 million. With these additions, the Company's fleet will comprise 71 vessels with a total capacity of 422,567 TEU. The Newly Acquired Vessels are expected to be delivered around year-end 2025. The Company expects to initially fund the acquisition with cash on hand, which facilitates speed of execution, with the potential to attach financing subsequently.
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Analyst Views on GSL
Wall Street analysts forecast GSL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GSL is 39.00 USD with a low forecast of 39.00 USD and a high forecast of 39.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 37.570
Low
39.00
Averages
39.00
High
39.00
Current: 37.570
Low
39.00
Averages
39.00
High
39.00
About GSL
Global Ship Lease, Inc. is an independent owner of containerships with a diversified fleet of mid-sized and smaller containerships. The Company is focused on mid-size Post-Panamax and smaller containerships which tend to serve the non-Mainlane and intra-regional trades. The Company takes a partnership approach with its customers, providing flexible chartering solutions which enable them to free up capital and management resources to focus on other strategic priorities. As a containership owner, its business is both pro-cyclical - with chartered tonnage used as a growth platform by liner shipping companies, and counter-cyclical - with sale and lease-back structures used by liner companies as a balance sheet management tool. The Company's fleet of 69 vessels has an average age weighted by TEU capacity of 17.5 years. 39 ships are wide-beam Post-Panamax. Its vessels include CMA CGM Thalassa, Zim Norfolk, Zim Xiamen, Anthea Y, Sydney Express, Istanbul Express, GSL Effie and Newyorker.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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