SFL Orders Two $216M Ammonia Carriers, Adds $162M Charter Backlog
SFL sits 98% above its 52-week low of $6.73.
Summary
SFL is expanding into the ammonia carrier segment with a $216 million order for two 93,000 cbm Very Large Ammonia Carriers, backed by long-term charters to an investment-grade European oil major. The charters add a minimum of $162 million to fixed-rate backlog, with duration to be set within six months and options to extend by up to four years. This follows the September charter extensions with Hapag-Lloyd that added about $750 million to backlog, bringing 2026 additions to over $1.3 billion. The deal diversifies SFL's fleet into petrochemical gas transport with dual-fuel propulsion, aligning with energy transition demand. Delivery is scheduled from Q2 2028, so near-term cash flow impact is limited, but the backlog growth strengthens earnings visibility.
Updates
· SEC 6-K — The 6-K attaches the press release announcing the order for two 93,000 cbm Very Large Ammonia Carriers for approximately $216 million and charters adding a minimum of $162 million to backlog.
At the time of this announcement, SFL was trading at $13.30 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $2B. The 52-week trading range was $6.73 to $13.98. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.