SFL Corporation Ltd. (NYSE: SFL) (the “Company”) announced today that it has agreed a charter extension for six 15,400 TEU container vessels with Hapag-Lloyd AG for additional seven years. The vessels will then have charter coverage until 2035-2036 at firm rates, reflecting the current strong container market.
The new time charter contracts will add approximately $750 million to SFL’s fixed rate charter backlog, increasing the backlog(1) to approximately $4.6 billion.
Ole B. Hjertaker, CEO of SFL Management AS, said in a comment: «We are pleased to further strengthen our long-term relationship with Hapag-Lloyd, the world's fifth-largest container line. The charter extensions demonstrate the value of our high quality operational platform, which continues to enable us to cultivate durable relationships with industry-leading counterparties. We have added more than $1 billion to our charter backlog during 2026, underpinning our strong earnings visibility and supporting a long-term distribution capacity going forward.»
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