BERMUDA-BASED sfl Corporation has announced that it has agreed to new five-year time charters on four 8,700 TEU vessels, which will add US$240 million to its fixed rate charter backlog, reports LA's GlobeNewswire.
The vessels have been on charter to Maersk since they were new and the current charters were due to expire in 2025.
The vessels were built in 2014-2015 with a modern, wide-beam design and fuel-efficient electronic engines. In connection with the new charters, SFL will make certain investments in the vessels, including increasing the cargo capacity to 9,500 TEU.
SFL will also add new energy efficiency features, and the total upgrade investment is estimated to be approximately $20 million in aggregate.
Said SFL Management CEO Ole Hjertaker: 'The new charters on four existing container vessels demonstrate the benefit of a customer focused approach, where we in close cooperation with Maersk have analyzed how to optimize the vessels' operational performance and reduce emissions.'
SeaNews Turkey
The vessels have been on charter to Maersk since they were new and the current charters were due to expire in 2025.
The vessels were built in 2014-2015 with a modern, wide-beam design and fuel-efficient electronic engines. In connection with the new charters, SFL will make certain investments in the vessels, including increasing the cargo capacity to 9,500 TEU.
SFL will also add new energy efficiency features, and the total upgrade investment is estimated to be approximately $20 million in aggregate.
Said SFL Management CEO Ole Hjertaker: 'The new charters on four existing container vessels demonstrate the benefit of a customer focused approach, where we in close cooperation with Maersk have analyzed how to optimize the vessels' operational performance and reduce emissions.'
SeaNews Turkey
