Global Ship Lease (GSL) has announced its unaudited financial results for the second quarter and first half of 2026. The containership owner reported operating revenue of US$198.7 million for the second quarter. Revenue for the first six months reached US$396.8 million. Second-quarter financial performance Net income available to common shareholders totalled US$89.3 million, or US$2.48 per share, during the second quarter. Normalized net income also reached US$89.3 million, equal to normalized earnings of US$2.48 per share. Meanwhile, adjusted EBITDA amounted to US$131.4 million. For the first half of 2026, GSL reported net income available to common shareholders of US$180.7 million. Earnings per share reached US$5.02. Normalized net income totalled US$181.4 million, or US$5.04 per share. In addition, adjusted EBITDA reached US$264.6 million. Newbuilding programme In June, GSL signed individual contracts for 15 mid-sized containership newbuildings. The aggregate purchase price amounts to approximately US$1.3 billion. The vessels will feature ultra-high reefer capacity, wide-beam designs and latest-generation specifications. GSL expects deliveries between the fourth quarter of 2028 and the first quarter of 2030. Upon delivery, the ships will begin multi-year charters. Their average TEU-weighted firm charter duration stands at 7.1 years. Moreover, GSL expects the charter rates to generate more than US$1 billion in adjusted EBITDA. “We are very pleased to have complemented our ongoing on-the-water investment strategy with the addition of highly attractive newbuilding orders,” said George Youroukos, Executive Chairman, Global Ship Lease. According to Youroukos, the initial charters provide expected adjusted EBITDA equal to more than 75% of the contracted purchase price. They will generate this amount within 25% of the vessels’ expected economic lives. Five of the 15 newbuildings also include charter extension options. The rates for these options stand 25% above the init