1. Global Ship Lease has seen a rise of ~8% since January, driven by geopolitical tensions and the Red Sea crisis, but faces risks from an aging fleet and potential global recession. 2. Container shipping rates remain high due to the Red Sea crisis, benefiting GSL's cash flow despite its fleet's average age of 17.2 years. 3. GSL's valuation has improved with a better EPS outlook, but economic slowdown concerns could impair the stock price and future earnings.