John Fredriksen’s SFL secures $750m Hapag-Lloyd deal for six boxships

SFL Corporation ordered two 93,000-cubic-metre VLACs for $216 million, with delivery expected in Q2 2028. The vessels will operate under long-term charters with an unnamed oil major, adding at least $162 million to SFL's charter backlog. The charters may extend up to four years, and the vessels will carry petrochemical gases with dual-fuel propulsion.

SFL Corporation ordered two 93,000 cbm ammonia carriers for $216 million, deliverable in 2028. The company also secured long-term charters with an oil major, adding $162 million to its backlog. CEO Ole B. Hjertaker highlighted the investment's accretive nature and the charterer's investment-grade status. The total fixed-rate charter backlog for 2026 exceeds $1.3 billion.

SFL Corporation (NYSE: SFL) agreed to sell seven tankers to Trafigura, including four LR2 and three suezmax vessels, for an estimated $275m net cash. The sale, set for 2026-2027, yields a $175m book gain. SFL plans to reinvest proceeds.

SFL Corporation (SFL) plans to sell five tankers to Trafigura, expecting $275M in net cash proceeds and a $175M book gain. The vessels, on charters to Trafigura, will be delivered in late 2026 and early 2027. SFL intends to reinvest proceeds into new projects. The company has paid dividends quarterly since its 2004 NYSE listing.

SFL Corp. (SFL) rose 2% after announcing the sale of seven oil tankers to Trafigura for $275M. The vessels include four LR2 and three Suezmax tankers, though individual prices were not disclosed.

Trafigura Group acquired seven oil tankers from SFL Corp. due to rising shipping costs and disruptions. The deal includes four LR2 and three suezmax tankers, with SFL reporting a $175 million gain. Tanker resale values have increased due to high demand.