SFL Corp Ltd. agreed seven-year charter extensions for six 15,400 TEU container vessels with Hapag-Lloyd, adding approximately $750 million to its fixed-rate charter backlog. The Backlog rises to approximately $4.6 billion, while SFL says the added contracted Revenue supports Earnings visibility and long-term distribution capacity.

Key Highlights

  • The six vessels will have charter coverage through 2035-2036 at firm rates.
  • SFL says it added more than $1 billion to its charter backlog during 2026.
  • The vessels are chartered to Hapag-Lloyd, identified as the world’s fifth-largest container line.

The vessels will remain covered by firm-rate charters through 2035-2036. SFL (NYSE: SFL) said the extensions reflect the current strong container market and further its long-term relationship with Hapag-Lloyd. The company’s reported backlog figure is stated as of June 30, 2026, including subsequent transactions.

Backlog Supports Earnings Visibility

SFL said it added more than $1 billion to its charter backlog during 2026. Chief Executive Officer Ole B. Hjertaker said the extensions demonstrate the value of SFL’s operational platform and its ability to develop durable relationships with industry-leading counterparties. He said the backlog growth supports strong earnings visibility and long-term distribution capacity.