SFL Corporation orders two VLAC vessels for $216 million
SFL Corporation placed an order for two very large gas carriers (VLACs) with a total contract value of $216 million. The vessels each have a capacity of 93,000 cubic metres and are slated for delivery in the second quarter of 2028. They will be chartered long‑term to an unnamed oil major to transport petrochemical gases and will feature dual‑fuel propulsion. The charters could run for up to four years, adding at least $162 million to SFL’s charter backlog.
Why it matters
The company says the new charters will increase its future revenue stream and boost the charter backlog by $162 million, which may improve cash flow and earnings visibility. Investors may view the order as a sign of demand for gas transport capacity and a positive long‑term growth driver for SFL.
Key facts
- 1SFL ordered two VLAC vessels. marinelink.com
- 2Each vessel has a capacity of 93,000 cubic metres. imarinenews.com
- 3The total contract value is $216 million. marinelink.com
- 4Delivery is expected in Q2 2028. imarinenews.com
- 5The charters will add at least $162 million to the charter backlog. marinelink.com
- 6Charters may extend up to four years. imarinenews.com
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.