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Vessels in Operation (Tables)
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Vessels in Operation - Schedule of Vessels in Operation (Table)

     
 

Vessel Gross Cost,

as adjusted for impairment charges

 

 

Accumulated Depreciation

 

 

Net Book Value

As of January 1, 2021 $ 1,297,785   $ (157,202)   $ 1,140,583
Additions 603,514     603,514
Disposals (23,167)   14,445   (8,722)
Depreciation   (52,559)   (52,559)
As of December 31, 2021 $ 1,878,132   $ (195,316)   $ 1,682,816
         
Additions 11,756         11,756
Depreciation     (68,232)     (68,232)
Impairment loss   (3,730)     697     (3,033)
As of December 31, 2022 $ 1,886,158   $ (262,851)   $ 1,623,307
             
Additions 138,802         138,802
Depreciation     (72,443)     (72,443)
Impairment loss (25,544)     6,714     (18,830)
Disposals   (6,803)     68     (6,735)
As of December 31, 2023 $ 1,992,613   $ (328,512)   $ 1,664,101
Vessels in Operation - Vessels Acquisitions (Table)

  

Name Capacity in TEUs Year Built Purchase Price Delivery date
GSL Alexandra 8,544 2004 $30,000 June 2, 2023
GSL Sofia 8,544 2003 $30,000 May 22, 2023
GSL Effie 8,544 2003 $30,000 May 30, 2023
GSL Lydia 8,544 2003 $33,300 June 26, 2023
Vessels in Operation - Vessels Acquisitions (Table)

Name Capacity in TEUs Year Built Purchase Price Delivery date
GSL Tripoli 5,470 2009 37,000 September 1, 2021
GSL Tinos 5,470 2010 37,500 September 9, 2021
GSL Syros 5,470 2010 37,500 September 13, 2021
GSL Kithira 5,470 2009 36,000 October 13, 2021

 

The charters of the Four Vessels resulted in an intangible liability of $17,100 that was recognized and will be amortized over the remaining useful life of the charters.

 

In July 2021, the Company took delivery of the Twelve Vessels as per below:

 

Name Capacity in TEUs Year Built Purchase Price Delivery Date
GSL Susan 4,363 2008 20,740 July 29, 2021
GSL Rossi 3,421 2012 21,580 July 29, 2021
GSL Alice 3,421 2014 23,150 July 29, 2021
GSL Melina 3,404 2013 23,990 July 29, 2021
GSL Eleftheria 3,404 2013 26,870 July 29, 2021
GSL Mercer 2,824 2007 20,750 July 29, 2021
GSL Lalo 2,824 2006 13,320 July 29, 2021
Matson Molokai 2,824 2007 16,430 July 15, 2021
GSL Elizabeth 2,741 2006 13,910 July 28, 2021
tbr GSL Chloe 2,546 2012 22,320 July 29, 2021
GSL Maren 2,546 2014 23,270 July 29, 2021
GSL Amstel 1,118 2008 7,560 July 29, 2021

 

The charters in place at the time of the purchase of the Twelve Vessels resulted in an intangible liability of $76,193 that was recognized and will be amortized over the remaining useful life of the charters.

 

In April, May and July 2021, the Company took delivery of the Seven Vessels as per below:

 

Name Capacity in TEUs Year Built Purchase Price Delivery Date
GSL MYNY 6,008 2000 17,600 July 28, 2021
GSL Melita 6,008 2001 15,500 May 25, 2021
GSL Violetta* 6,008 2000 17,300 April 28, 2021
GSL Maria* 6,008 2001 16,600 April 28, 2021
GSL Arcadia 6,008 2000 18,000 April 26, 2021
GSL Dorothea 5,992 2001 15,500 April 26, 2021
GSL Tegea 5,992 2001 15,500 May 17, 2021

 

* The charters of these vessels resulted in an intangible liability of $3,051 that was recognized and amortized over the remaining useful life of the charters. As of December 31, 2022, the intangible liability relating to the Seven Vessels had been fully amortized.