SFL Inks Charter Contracts for Six 14,000 TEU Vessels

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John Fredriksen’s SFL Corporation has sealed a deal to charter out six 14,000 teu container vessels to German liner Hapag-Lloyd for a fixed period of five years, says an article published in Splash247.

About the new deal

The vessels will start their new contracts following the expiry of the existing charters with Taiwanese liner Evergreen in 2023 and 2024.

The New York-listed firm said the new deal will add approximately $540m to its fixed-rate charter backlog, increasing the backlog to $3.8bn.

Ole B. Hjertaker, CEO of SFL Management, said: “This transaction highlights the value and importance of our strong operational platform and our time charter strategy, enabling us to build strong customer relationships with industry-leading counterparties.

We have now added more than $1bn to our charter backlog during the first quarter of 2022 which gives us strong earnings visibility and long-term distribution capacity going forward.”

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Source: Splash247

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