SFL Orders Two $216M Ammonia Carriers, Adds $162M Charter Backlog with Oil Major
SFL sits 100% above its 52-week low of $6.73.
Summary
SFL ordered two 93,000 cbm Very Large Ammonia Carriers for approximately $216 million, with long-term charters to an oil major adding at least $162 million to fixed-rate backlog.
Key Events · M&A and Partnerships · SFL
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Newbuild Order for Two Ammonia Carriers
SFL agreed to build two 93,000 cbm Very Large Ammonia Carriers with dual-fuel propulsion at an aggregate yard construction cost of approximately $216 million, with delivery scheduled from Q2 2028.
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Long-Term Charters Add $162M Backlog
Concurrent long-term time charters to a European investment grade oil major add a minimum of approximately $162 million to fixed-rate charter backlog, with the initial charter period to be determined within six months.
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Charterer Extension Options
The charterer holds options to extend the time charters by up to four years, which could further increase the backlog beyond the initial $162 million minimum.
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2026 Backlog Additions Exceed $1.3B
Including this order and the September Hapag-Lloyd charter extensions, SFL has added more than $1.3 billion to fixed-rate charter backlog in 2026.
Analysis · SFL · Energy & Transportation
SFL is entering the ammonia carrier segment with a $216 million newbuild order for two 93,000 cbm Very Large Ammonia Carriers, backed by long-term charters to a European investment grade oil major that add at least $162 million to fixed-rate backlog. The deal diversifies SFL's fleet into a new petrochemical gas segment while locking in multi-year contracted cash flows. Delivery is scheduled from Q2 2028, and the charterer holds options to extend by up to four years, which could further increase backlog. This follows the $750 million Hapag-Lloyd charter extension announced in September and brings 2026 backlog additions to over $1.3 billion.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SFL was trading at $13.44 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 filing was assessed with positive market sentiment and an importance score of 7 out of 10.