Global Ship Lease revenue up, net income down in Q1 2026

Total vessel operating expenses rose by 5.4 per cent to $52.7 million for the quarter, compared to $50 million in the first three months of 2025. This increase was primarily attributed to crew cost adjustments and inflationary pressures, alongside the operational expenses of the newly added vessels.

Chief Executive Officer Thomas Lister noted that the firm remains committed to a disciplined approach to capital allocation, including the, "selective monetisation of aging, non-core tonnage at cyclically attractive prices".

Total outstanding debt for the firm stood at $657.8 million as of March 31, 2026, down from $777.7 million recorded at the end of the same period in 2025.