- On 02/12/25, Global Ship Lease (GSL) announced their Q4 2024 dividend - maintained @ 45c/sh
- Earlier GSL news item from Dec 2024. GSL to acquire four ECO 9115-TEU vessels for $274M. This event is significant for a couple of reasons.
a. The firm charter backlog time-frame is only avg of 1.7 years. There are several options that could increase the charters to 5 years
b. Although the vessels are 8.5 years old, they become among GSL’s newest vessels
c. GSL’s current market cap is less than $800M. While $274M represents a significant investment, the EBITDA earnings in 1.7 years represents a reasonable chunk paid back in a short time-frame.
Though I don’t have a GSL position currently, I do like how this company is run.