SFL Extends Charters for 6 Vessels with Hapag-Lloyd, Adding $750M to Backlog

Key Facts

1SFL Corporation Ltd. agreed to a seven-year charter extension for six 15,400 TEU container vessels with Hapag-Lloyd AG.

2The extensions will add approximately $750 million to the company's fixed-rate backlog, with coverage lasting until 2035-2036.

In a move reflecting the sustained demand within the global maritime shipping sector, SFL Corporation Ltd. has announced charter extensions for six 15,400 TEU container vessels with Hapag-Lloyd AG. According to reports, the agreement extends the current charters for an additional seven years, securing vessel employment through 2035-2036. This strategic extension is designed to enhance long-term cash flow visibility for the company amid firm market conditions.

The extensions are projected to add approximately $750 million to SFL’s fixed-rate charter backlog, increasing the total backlog to an estimated $4.6 billion. This agreement strengthens the operational relationship between SFL and Hapag-Lloyd, with the contract terms reflecting the current strength of the large container vessel market. Per market data, this significant backlog addition bolsters SFL's financial positioning relative to its industry peers.

Regarding equity performance, SFL shares stood at $12.68 (close September 10, 2026), while HPGLY was priced at $78.1 (close September 8, 2026). Investors are monitoring the impact of these long-term revenues on future distributions, as the company recently flagged a quarterly cash dividend of $0.22 per share alongside its preliminary second-quarter results.