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SFL Corp. (NYSE:SFL) -1% in early trading Monday after saying it agreed to new five-year time charters on four 8,700 TEU container vessels, adding $240M to its fixed rate charter backlog.
The vessels have been on charter to A.P. Moller-Maersk since they were delivered, and the current charters were due to expire in 2025.
In connection with the new charters, SFL (SFL) said it will invest a combined $20M in the vessels, including increasing the cargo capacity to 9,500 TEU and adding new energy efficiency features.
Although SFL (SFL) did not specify which vessels won the new deals, Splash247.com said the only containerships owned by the company and chartered by Maersk which match the described specifications are the San Francisca, San Fernando, San Felix and San Felipe.
Last week, SFL (SFL) ordered five containership newbuilds in a deal worth ~$1B.