SFL Corporation Enters Charter Extension For Six 15,400 TEU Container Vessels For Additional Seven Years With Hapag-Lloyd; New Time Charter Contracts Will Add ~$750M To Its Fixed Rate Charter Backlog

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 backlog1 to approximately $4.6 billion.