Global Ship Lease: A Marine Shipping Stock Beyond Dividends

  • GSL is a resilient, flexible marine shipping play with long-term contracts, strong counterparties, and a niche in smaller, adaptable vessels. Recent fleet expansion, robust Q1 results, and a $1.87 bn contracted revenue backlog provide high revenue visibility and limited downside risk. The balance sheet is strong, with ample liquidity, investment-grade ratings, and a generous dividend yield of 7.8%, supported by low valuation multiples.