SFL Corporation: Charter Extension for 6 x 15,400 TEU vessels adding $750 Million Backlog
SFL Corporation Ltd. SFL (the “Company”) announced today that it has agreed a charter extension for six 15,400 TEU container vessels with Hapag-Lloyd AG for additional seven years. The vessels will then have charter coverage until 2035-2036 at firm rates, reflecting the current strong container market. The new time charter contracts will add approximately $750 ...
SFL Corporation Ltd., known as "SFL," has recently reached an agreement to extend its charter service with six 15,400 TEU container vessels to Hapag-Lloyd AG for an additional seven years, securing firm rates until 2035-2036. This extension brings the vessel's charter coverage into the 2030s, a period marked by a robust container market.
The new time charter contracts are projected to add around $750 million to SFL's fixed-rate charter backlog, boosting it to approximately $4.6 billion. Ole B. Hjertaker, SFL's CEO, expressed satisfaction with the extension, stating that it bolsters their long-term relationship with Hapag-Lloyd and highlights the strength of their operational platform.
The charter extensions have contributed over $1 billion to SFL's charter backlog in 2026, enhancing their earnings visibility and ensuring a stable distribution capacity for the future.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
