Global Ship Lease has agreed to buy three Korean-built 8,600 TEU containerships for a total price of $90 million. The company announced the deal from Athens on 1 December 2025.
The vessels were built in 2010 and 2011 and include ECO upgrades. Each ship comes with an existing charter from a leading liner operator. The contracts run at below-market rates and allow flexible redelivery. The latest return dates fall in mid-2030.
If all charters run for their full term, the ships are expected to generate about $88 million in total revenue. Assuming a scrap value of $400 per lightweight ton, the vessels would have a combined scrap value of about $40 million.
The ships will be delivered around the end of 2025. Global Ship Lease will initially fund the purchase using cash reserves. The company may add financing later.
After the transaction, Global Ship Lease’s fleet will total 71 vessels with a combined capacity of 422,567 TEU.
Executive Chairman George Youroukos said the purchase reduces risk while creating long-term earnings potential. He described the vessels as “high-spec and commercially attractive” with strong future value. Also, he noted the company is effectively buying three ships for the price of one compared with today’s market rates.
He added that selling four older vessels earlier this year for nearly the same amount allowed the company to reinvest in newer and larger ships. Lastly, he said this move strengthens the fleet and supports long-term returns for shareholders.
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