Company exercises options for two additional, attractively priced mid-size newbuildings delivering 4Q29

Global Ship Lease, Inc., a containership owner and lessor, announced that, subject to certain conditions precedent being met, the Company has exercised options to build two additional mid-size, ultra-high-reefer, wide-beam, latest-generation containerships (the “Additional Newbuilds”) for an aggregate contract price of approximately $163 million. These highly flexible ships have been designed and specified to ensure a superior fit for existing and anticipated future market needs. The Additional Newbuilds are scheduled to be delivered in the fourth quarter of 2029, and the Company is in discussions with prospective charterers regarding their employment upon delivery. With these Additional Newbuilds, the Company’s newbuilding orderbook is 17 ships.

George Youroukos, Executive Chairman of Global Ship Lease, commented: “We are strong believers in the value proposition of high specification, highly flexible, mid-sized containerships and expect them to play a crucial role for our industry for many years to come. By exercising these additional newbuild options, we are very pleased to be growing our exposure to this increasingly valuable vessel class on attractive terms agreed earlier this year and at prices no longer available in the market for comparably specified ships with 2029 deliveries.”

Global Ship Lease press release