SFL Corporation Ordered New Ammonia Carriers
The shipping firm added two dual-fuel vessels to its fleet while securing long-term charter agreements.
Updated on Oct. 5, 2026 in Transportation
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SFL Corporation has ordered two 93,000 cbm Very Large Ammonia Carriers for a total construction cost of $216 million. The company also secured new long-term time charters with an oil major, bolstering its fixed-rate backlog.
Why it matters
These strategic orders allow SFL Corporation to expand its modern fleet with fuel-efficient technology while locking in stable, long-term revenue streams from major energy partners. The investment reflects a significant expansion of the company's maritime portfolio.
The two new ammonia carriers feature a capacity of 93,000 cbm each with a total construction price of $216 million. These assets contribute $162 million to the company's fixed-rate charter backlog.
The players
SFL Corporation
Headquartered in Hamilton, Bermuda, this international ship-owning company manages a diversified fleet of maritime assets.
The details
The vessels are equipped with advanced dual-fuel propulsion systems and technology designed to optimize cargo intake efficiency. SFL Corporation finalized these agreements with an unnamed oil major to ensure operational utilization upon the vessels' completion.
Timeline
The order and charter agreements were announced on October 5, 2026.
The duration of the initial charter period will be finalized within the next six months.
The two new vessels are scheduled for delivery in the second quarter of 2028.
Market Landscape
The order follows the broader industry transition toward low-emission ammonia shipping by prioritizing specialized carrier technology. This move strengthens SFL Corporation's competitive position in the energy logistics sector against global shipping peers.
While these vessel orders primarily impact institutional investors, they signal a stabilization in long-term freight costs for energy commodities. Consumers may see indirect benefits through more efficient and reliable energy supply chains facilitated by upgraded maritime infrastructure.
The takeaway
Investing in modern, dual-fuel vessels allows shipping companies to hedge against future environmental regulations while securing stable income. Long-term agreements with major energy firms remain a core strategy for maintaining corporate financial stability in volatile shipping markets.
Further reading
Learn more about the latest developments in Transportation trends and logistics.
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