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GSL announced their Q2 2021 results about 10 days ago.

https://www.globalshiplease.com/news-releases/news-release-d...

There was more color provided on the developments in the fleet, plus financing details.
In addition, GSL sold one of its older vessels, La Tour, and booked a tidy gain of $7.8M from $16.5M in proceeds.

More clarity was provided on the 2nd acquisition of vessels in June 2021. That allowed me to refresh my NAV numbers.
Fleet value bumps up to $1714.05M
Debt: $835.4M
Cash (including restricted cash): $160.2M
Preferred shares: $60.8M
My NAV number bumps up to $26.93/sh

I am assuming the debt includes the financing on the new vessels (around $140M). Hard to tell, the vessels didn't deliver till sometime in July 2021.
If the debt was not included, the NAV number is $23.09/sh.

The conservative nature of my valuation shows in the La Tour transaction. I had the vessel valued at $6.78M.

One other point, part of the original investment thesis- Container vessel owners with the ability to benefit with vessels on expiring charters. One of the vessels, renamed GSL Eleftheria, that was part of the most recent acquisition is on a charter rate of $12k daily. Starting in Sept 2021, the new charter rate ... $37975 daily!!! for multiple years. Still a few more GSL vessels with expiring rates in 2021. Maybe the rates in each case doesn't triple. But I do think many will, at least, double.
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