en.Wedoany.com Reported - Global Ship Lease has signed newbuilding contracts to construct 10 medium-sized container vessels, with a total purchase price of approximately $917 million, subject to certain conditions.

These wide-beam ships feature high reefer cargo capacity and are scheduled for delivery between the fourth quarter of 2028 and the first quarter of 2030. Upon delivery, the vessels will enter into multi-year charters with a TEU-weighted average duration of 6.7 years. These charters are expected to generate approximately $665 million in aggregate adjusted EBITDA over their respective terms.

Executive Chairman George Youroukos noted that the transaction enables the company to replace older vessels while meeting liner customers' evolving demands for operational flexibility. He added that this fleet renewal is supported by a strong balance sheet and existing forward charter coverage of $2.1 billion, spread over a 2.6-year period.

As of March 31, 2026, Global Ship Lease operates 71 vessels with a TEU capacity-weighted average age of 18.2 years.

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