SFL Corporation orders two ammonia carriers for $216 million
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- SFL Corporation agreed to build two Very Large Ammonia Carriers for $216 million.
- The transaction features long-term time charters with an oil major starting in 2028.
- The company stated the contract adds $162 million to its fixed-rate charter backlog.
SFL Corporation (NYSE:SFL) agreed to build 2 Very Large Ammonia Carriers paired with long-term time charters.
The transaction involves an oil major and schedules delivery of the 93,000 cbm vessels starting in the second quarter of 2028.
The shipping business stated that the aggregate yard construction cost for both vessels is expected to be approximately $216 million.
The fixed-rate time charters add a minimum of approximately $162 million to the company's existing contract backlog.
The customer holds contractual options to extend the time charters by up to 4 additional years beyond the primary term.
SFL Corporation continues expanding its maritime fleet assets across specialized gas transport segments.
