SFL Corporation has agreed to acquire two medium-sized container vessels in combination with long-term charters to a global container line.
The vessels are modern eco-design built in 2013 and 2014 with approximately 6,800TEU carrying capacity, and the company expects to take delivery of the vessels in the near term.
The purchase price, as well as the name of the charterer, have not been disclosed yet.
The time charters will run for a period of at least six years, and there are purchase options with profit split at the end of the fifth and sixth years of the charter period.
Additionally, the fixed rate charter backlog will increase by approximately US$160 million, and the earnings before interest, taxes, depreciation, and amortisation (EBITDA) contribution from the vessels is estimated to approximately US$22 million per year, according to a stateent.
SFL has announced it has already received financing indications “at attractive terms,” and the balance will be funded by cash at hand.
“Over the last months, we have added more than US$400 million to our charter backlog and expect to continue increasing our fleet of vessels and charter backlog in 2021,” said Ole B. Hjertaker, CEO of SFL Management AS.