SFL Corporation Ltd. filed a Form 6-K on October 28, 2026, announcing agreements to acquire two 8,800 TEU Container Vessels with scheduled delivery in 2027 and one 93,000 cbm dual-fuel Very Large Ammonia Carrier with scheduled delivery in 2028, at an aggregate acquisition cost of approximately $365 million.

Key Highlights

  • Aggregate acquisition cost: Approximately $365 million for all three vessels combined, according to the filing.
  • Container vessel charters: Minimum 8-year time charters to a leading liner company from delivery, with extension options of up to four additional years and purchase options at end of years 8, 10, and 12, including a profit share feature.
  • VLAC charter: Minimum 5-year time charter from delivery to a global leader in the commodities industry, with extension options of up to two additional years and a charterer option to develop a sale during the last two years of the fixed period, subject to a profit share mechanism with SFL.
  • Charter backlog addition: The charters will add a minimum of approximately $333 million to SFL's fixed-rate charter backlog, according to the filing.
  • Year-to-date backlog growth: CEO Ole B. Hjertaker stated that acquisitions and new charters announced so far in 2026 have added "more than $1.6 billion" to the fixed-rate charter backlog.
  • Scheduled deliveries: The two container vessels are scheduled for delivery in 2027 and the VLAC in 2028, as disclosed in the filing.

SFL's Newbuild Agreements: Container Vessels and Ammonia Carrier Details

SFL Corporation Ltd. (NYSE:SFL) disclosed the three-vessel acquisition in a press release dated October 28, 2026, attached as Exhibit 1 to its Form 6-K filing. According to the filing, the two 8,800 TEU Container Vessels will have scheduled delivery in 2027 and have been chartered to a leading liner company on minimum 8-year time charters commencing from delivery. The filing notes the charters may be extended up to another four years and include purchase options at the end of year 8, year 10, and year 12, along with a profit share feature.

The 93,000 cbm dual-fuel Very Large Ammonia Carrier (VLAC), scheduled for delivery in 2028, has been chartered to a global leader in the commodities industry on a minimum 5-year time charter from delivery, the filing states. The charter may be extended up to another two years. Additionally, the filing discloses that the charterer will have the option to develop a sale of the vessel during the last two years of the fixed period, subject to a profit share mechanism with SFL.

According to the filing, the combined charters will add a minimum of approximately $333 million to SFL's fixed-rate charter backlog, with the potential for that figure to increase if extension options are exercised. Ole B. Hjertaker, identified in the filing as CEO of SFL Management AS, stated that "with the acquisitions and new charters announced so far this year, we have added more than $1.6 billion to our fixed rate charter backlog." The filing notes that the press release may contain forward-looking statements that are subject to uncertainties described in the company's cautionary language.

What Was Disclosed

SFL Corporation filed a Form 6-K disclosing agreements to acquire two 8,800 TEU Container Vessels and one 93,000 cbm dual-fuel VLAC for approximately $365 million in total, with long-term charters adding a minimum of approximately $333 million to its fixed-rate backlog.