8/102 sources · 2 publishersUpdated Oct 28, 10:42 UTC
SFL announces acquisition of three new vessels with long‑term charters
SFL Corporation Ltd. agreed to acquire two 8,800‑TEU container ships and one 93,000‑cbm dual‑fuel ammonia carrier scheduled for delivery in 2027 and 2028. The vessels are under minimum 8‑year and 5‑year time charters respectively, with options to extend and purchase. CEO Ole B. Hjertaker said the deals add significant fixed‑rate charter backlog to the company’s portfolio.
Why it matters
The charters will add a minimum of $333 million to SFL’s fixed‑rate charter backlog, improving revenue visibility. The cash outlay for the vessels will increase the company’s capital commitments, affecting its balance sheet and cash flow.
Key facts
- 1SFL agreed to acquire two 8,800‑TEU container vessels and one 93,000‑cbm dual‑fuel Very Large Ammonia Carrier. stocktitan.net
- 2The container vessels are scheduled for delivery in 2027 and the ammonia carrier in 2028. stocktitan.net
- 3The acquisition cost is approximately $333 million. stocktitan.net
- 4The acquisition cost is approximately $365 million. investing.com
- 5The two container vessels will be chartered on minimum 8‑year time charters with extension options of up to four years and purchase options at years 8, 10 and 12. investing.com
- 6The ammonia carrier will be chartered on a minimum 5‑year time charter with a possible two‑year extension and a sale option in the last two years. investing.com
Open questions
- Acquisition cost is reported as $333 million in material 1 and $365 million in material 2.
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.