Global Ship Lease, Inc. owns and charters out containerships to leading liner companies.
As of December 31, 2024, the company's fleet consisted of 72 containerships, including the delivery of the fourth Newly Acquired Vessel (Czech) on January 9, 2025, with an aggregate capacity of 412,837 TEU, and a TEU-weighted average age of approximately 17.4 years.
As of March 10, 2025, the company owned 70 mid-sized and smaller containerships, ranging from 2,207 to 11,040 TEU, with an aggregate capacity...
Global Ship Lease, Inc. owns and charters out containerships to leading liner companies.
As of December 31, 2024, the company's fleet consisted of 72 containerships, including the delivery of the fourth Newly Acquired Vessel (Czech) on January 9, 2025, with an aggregate capacity of 412,837 TEU, and a TEU-weighted average age of approximately 17.4 years.
As of March 10, 2025, the company owned 70 mid-sized and smaller containerships, ranging from 2,207 to 11,040 TEU, with an aggregate capacity of 404,681 TEU. Thirty-nine ships are wide-beam Post-Panamax.
In 2023, the company purchased four containerships, each with a carrying capacity of 8,544 TEU, which were delivered to it in May and June 2023.
In November 2024, the company agreed to purchase four high-reefer ECO 9,000 TEU vessels, which it refers to as the Newly Acquired Vessels. Three of the vessels were delivered in December 2024, and the fourth in January 2025.
On March 23, 2023, the company sold GSL Amstel, a 2008-built, 1,118 TEU containership.
In December 2024, the company agreed to sell Tasman, a 5,936 TEU vessel. In February 2025, the company agreed to sell Akiteta (2,220 TEU) and Keta (2,207 TEU) for sale. Akiteta was delivered to its new owners on February 19, 2025, and Tasman was delivered to its new owners on March 10, 2025. Keta is scheduled for delivery to its new owners in the first half of 2025.
Under each of its time charters, the company is responsible for the operation and technical management of each vessel, which includes crewing, provision of lubricating oils, maintaining the vessel, periodic drydocking and performing work required by regulations. The day-to-day crewing and technical management of the company's vessels are provided by its ship managers pursuant to the terms of ship management agreements.
The company's management team supervises the day-to-day technical ship management of its vessels, which is provided by Technomar Shipping Inc. (Technomar) and the commercial ship management, which is provided by Conchart Commercial Inc. (Conchart).
Technomar provides the company with all day-to-day technical ship management services, pursuant to a technical management agreement with each of the company's vessel-owning subsidiaries (as amended from time to time, the TTMA) for all of the vessels in its fleet. Under each TTMA, Technomar is responsible for all day-to-day ship management, including crewing, purchasing stores, lubricating oils and spare parts, paying wages, pensions and insurance for the crew, and organizing other vessel operating necessities, including monitoring and reporting with respect to EU ETS compliance (including related Emission Trading Scheme Allowances) and FEUM compliance, and the arrangement and management of drydocking.
The commercial management of all of the company's vessels is provided by Conchart pursuant to a commercial management agreement (the CCMA).
The IMO's International Convention on the Control of Harmful Anti-fouling Systems on Ships, or the 'Anti-fouling Convention,' prohibits the use of organotin compound coatings to prevent the attachment of mollusks and other sea life to the hulls of vessels and requires vessels over 400 gross tonnage (grt) engaged in international voyages to undergo an initial survey before the vessel is put into service or before an International Anti fouling System Certificate is issued for the first time, or subsequent surveys when the anti-fouling systems are altered or replaced. In 2023, MEPC 75 approved draft amendments to the Anti-fouling Convention will come into effect and will include controls on the biocide cybutryne; ships shall not apply or re-apply anti-fouling systems containing this substance from January 1, 2023. The amendments require ships to remove this substance, or apply a coating to anti-fouling systems with this substance at the next scheduled renewal of the anti-fouling system after January 1, 2023. The company has obtained Anti-fouling System Certificates for all of the company’s vessels that are subject to the Anti-fouling Convention. MEPC 77 adopted a non-binding resolution which urges Member States and ship operators to voluntarily use distillate or other cleaner alternative fuels or methods of propulsion that are safe for ships and could contribute to the reduction of Black Carbon emissions from ships when operating in or near the Arctic.
The ISM Code requires the company's vessels to develop and maintain an extensive 'Safety Management System' that includes the adoption of a safety and environmental protection policy and implementation procedures. All of the vessels in the company's fleet are ISM Code-certified.
The U.S. Environmental Protection Agency (EPA) and the USCG have also enacted rules relating to ballast water discharge, compliance with which requires the installation of equipment on the company's vessels to treat ballast water before it is discharged or the implementation of other port facility disposal arrangements or procedures at potentially substantial costs, and/or otherwise restrict the company's vessels from entering U.S. Waters.
The Clean Air Act, or the CAA, and its implementing regulations subject the company's vessels to vapor control and recovery requirements when cleaning fuel tanks and conducting other operations in regulated port areas and to air emissions standards for its engines while operating in U.S. waters.
All the company's vessels are in substantial compliance with and are certified to meet the Maritime Labor Convention 2006 (MLC 2006).
The company's existing vessels have implemented the various security measures addressed by the U.S Maritime Transportation Security Act of 2002 (MTSA), the International Convention for the Safety of Life at Sea of 1974 (SOLAS Convention) and the International Ship and Port Facilities Security Code (ISPS Code).
History
Global Ship Lease, Inc. was founded in 2007.