Global Ship Lease (GSL) announced their Q2 2025 results, including
- Rev of $191.5M
- Adj EBITDA of $134.2M
- Adj Net Income of $95.1M
- Declared div of 52.5c/sh
- https://static.seekingalpha.com/uploads/sa_presentations/576/112576/original.pdf
Even with the age of some of their vessels, GSL continue to secure contracts for their vessels. The company has added almost $400M of contract coverage in H1 2025. If one looks at the age of individual vessels, ~$11M per vessel seem somewhat high. But the cash offset reduce the debt per vessel significantly. Like ESEA, GSL understands how to manage old vessels.