SFL orders two Very Large Ammonia Carriers, adding $162 M of long‑term charters
SFL Corporation announced an agreement to build two 93,000 cbm Very Large Ammonia Carriers at an estimated cost of $216 million, with delivery slated for the second quarter of 2028. The vessels will be equipped with dual‑fuel propulsion and advanced fuel‑efficiency technology. At the same time, SFL secured long‑term time charters with a European investment‑grade oil major, which will contribute at least $162 million to its fixed‑rate charter backlog. The CEO said the project expands SFL into a new market segment and the charterer has options to extend the contracts for up to four years.
Why it matters
The new vessels and associated charters increase SFL’s future revenue base and diversify its fleet into ammonia transport, a growing market. The company’s statement that its fixed‑rate charter backlog grew by over $1.3 billion during 2026 suggests strong demand for its services, which could support dividend sustainability.
Key facts
- 1SFL agreed to build two 93,000 cbm Very Large Ammonia Carriers. globenewswire.com
- 2The aggregate construction cost is expected to be approximately $216 million. globenewswire.com
- 3Delivery of the vessels is scheduled from the second quarter of 2028. globenewswire.com
- 4Long‑term time charters with an oil major will add a minimum of approximately $162 million to the fixed‑rate charter backlog. globenewswire.com
- 5The initial charter period will be determined within the next six months, with options to extend up to four years. globenewswire.com
- 6SFL said its fixed‑rate charter backlog grew by over $1.3 billion during 2026. globenewswire.com
Summary written by AlphAI from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.