Global Ship Lease Announces Additional Newbuilding Orders
Global Ship Lease announced an agreement to purchase five additional containerships for an aggregate price of approximately $413 million, bringing its total orderbook to 15 vessels. The ships are scheduled for delivery in 2029 and are contracted on multi-year charters with a TEU-weighted average term of 8.1 years. These charters are expected to generate aggregate Adjusted EBITDA of approximately $362 million over the firm terms, with an additional $131 million potential if extension options are exercised. The total orderbook is now expected to generate more than $1.0 billion of Adjusted EBITDA over an average firm charter term of 7.1 years.
Key figures
- Delivery year
- 2029
- New vessel count
- 5
- Fleet vessel count
- 71
- Projected ebitda firm
- $362 million
- Total orderbook ebitda
- >$1.0 billion
- Contracted revenue firm
- $2.05 billion
- Firm charter term years
- 8.1
- Fleet average age years
- 18.2
- Newbuilding order price
- $413 million
- Projected ebitda options
- $131 million
- Option charter term years
- 2.2
- Total orderbook vessel count
- 15
- Remaining charter term firm years
- 2.6
- Contracted revenue including options
- $2.58 billion
- Remaining charter term including options years
- 3.3
AI analysis
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