In the second quarter of 2024, Global Ship Lease revenues (GSL), a container ship charterer, are amounted to $175.0 million, an increase of +8.0% on the same period last year. Operating profit and profit net account, with €93.8 million and €88.0 million respectively, recorded increases of +10.3% and +13.2%. «The positive trend of the sector that characterized the first part of this year - said the company's executive vice president, George Youroukos, commenting on the quarterly results - accelerated in the second quarter of 2024. The demand for high quality and small and medium-sized companies, such as those that are part of the GSL fleet, has been further supported by the continuation of the traffic disruption maritime in the Red Sea. Almost all container ships that transport 20% of the total volumes of containerized goods that previously passed through the Red Sea and Suez are now diverted to a longer and less efficient trip around at the Cape of Good Hope. The direct impact of these journeys is more and increased congestion and delays throughout the supply chains are taking demand to a more high level, absorbing the supply and pushing up the instalments of and the value of the assets. Shipping companies are increasingly willing to secure rentals multi-year contracts with high freight rates and we are reaping the benefits of this phase to set the maximum possible rental coverage".

Global Ship Lease owns a fleet of 68 container ships that have a total hold capacity of 377 thousand TEUs.