SFL Corporation Acquires New Vessels for $365 Million
The firm expands its fleet with new container ships and a dual-fuel ammonia carrier under long-term charter agreements.
Updated on Oct. 28, 2026 in Transportation
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SFL Corporation has agreed to purchase three new vessels for a total of $365 million, adding $333 million to its fixed-rate charter backlog. The deal includes two 8,800 TEU container ships and one 93,000-cubic-metre dual-fuel ammonia carrier.
Why it matters
The investment positions SFL to capitalize on the expanding ammonia trade, which is being driven by global demand for fertilizer and interest in lower-carbon fuel sources. This move bolsters the company's long-term revenue visibility through secured charter agreements.
SFL added $333 million to its fixed-rate charter backlog, contributing to a total of $1.6 billion in new backlog secured year-to-date. The $365 million acquisition includes vessels featuring 8,800 TEU capacity and 93,000-cubic-metre volume.
The players
SFL Corporation
Headquartered in Bermuda, this maritime company owns and operates a diverse fleet of container ships, dry bulk carriers, and tankers.
The details
The container vessels come with minimum eight-year charters and four-year extension options, while the ammonia carrier includes a minimum five-year agreement with a two-year extension option. This acquisition brings SFL’s total ammonia-carrier newbuilding programme to three ships.
Timeline
October 2026: SFL announced orders for two ammonia carriers.
2027: Expected delivery date for the two new container vessels.
2028: Expected delivery date for the new ammonia carrier vessel.
Market Landscape
SFL Corporation's investment aligns with the industry's strategic transition toward lower-carbon ammonia as a viable maritime fuel source. This move positions the firm to compete in the growing market for specialized green-energy transport vessels.
For stakeholders, this capital expenditure represents a long-term commitment to fleet modernization and revenue stability. Customers and partners can expect SFL to play a more central role in the logistics of the global ammonia and container shipping markets.
The takeaway
SFL Corporation is leveraging its current capital to secure long-term contracts in segments with high growth potential. Investors should monitor how the company integrates these complex vessels into its existing fleet to maintain profitability.
Further reading
For broader trends in global shipping and vessel technology, visit the Transportation section.
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