lyash01/iStock via Getty Images
SFL Corp. (NYSE:SFL) +1.7% in Wednesday’s trading after saying it ordered five 16,800 TEU container vessels at a total construction cost of ~$1B, with scheduled delivery in 2008.
John Fredriksen’s sale and leaseback shipping company also agreed to minimum 10-year time charters to “a leading liner company” from delivery, adding ~$1.2B to its charter backlog, with an option to extend the charters for another two years and purchase options.
“With these vessels delivered, we will have 11 LNG dual-fuel vessels, and it demonstrates our commitment to continue expanding our investment focus to assets with a lower carbon footprint whilst ensuring significant visibility through 10-year firm charters to an investment grade counterparty,” CEO Ole Hjertaker said.