Major Investment News: SFL Corp. Agrees to $1 Billion Order for LNG Containerships with Long-Term Charters

Wednesday, 3 July 2024, 15:34
SFL Corp. has finalized a significant deal to order five LNG container vessels, valued at approximately $1 billion. This move not only adds $1.2 billion to the company's charter backlog but also highlights their commitment to long-term partnerships in the shipping industry. The investment in LNG vessels signals the company's strategic focus on sustainable and profitable ventures. With a decade-long charter agreement in place, SFL Corp. is positioned for stable revenue streams amidst volatile market conditions.
Seeking Alpha
Major Investment News: SFL Corp. Agrees to $1 Billion Order for LNG Containerships with Long-Term Charters

SFL Corp. Investment Announcement

SFL Corp. has confirmed the $1 billion order for five LNG container vessels, securing long-term profitability. The decision underscores their commitment to sustainable shipping operations.

Key Points:

  • Value: Five LNG container ships ordered for $1 billion
  • Backlog Growth: Addition of $1.2 billion to charter backlog
  • Strategic Focus: Emphasis on long-term partnerships and sustainable ventures

The investment in LNG vessels positions SFL Corp. for stable revenue amidst market fluctuations.

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