SFL Orders Two Ammonia Carriers for $216 Million

Key Facts

1SFL announced an order for two new medium-sized ammonia carriers at a total cost of $216 million.

2The deal includes long-term charter agreements for the vessels, strengthening the company's future cash flows.

SFL Corporation Ltd. announced an order for two new medium-sized ammonia carriers at a total cost of $216 million. Investing.com reported that the move is part of the company's strategy to expand and modernize its fleet, focusing on specialized gas carriers.

The deal includes long-term charter agreements for the vessels, which is intended to strengthen the company's future cash flows and provide revenue visibility. This expansion highlights the company's focus on assets with guaranteed long-term employment contracts.