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SFL to build two ammonia carriers, expected cost ~$216M

The charters add a minimum of approximately $162 million to fixed-rate backlog, with the initial charter period to be determined within six months.

(Moderate)

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Form Type
6-K

Rhea-AI Filing Summary

SFL Corp Ltd. (SFL) agreed to build two 93,000 cbm Very Large Ammonia Carriers, with aggregate yard construction cost expected to be approximately $216 million and delivery scheduled from the second quarter of 2028.

SFL also agreed long-term time charters to an oil major, adding a minimum of approximately $162 million to fixed-rate charter backlog. The initial charter period will be determined within the next six months, and the backlog may increase then; the charterer will have options to extend the time charters by up to four years. SFL said acquisitions and charter extensions announced so far in 2026 have added more than $1.3 billion to fixed-rate charter backlog.

Carriers to be built 2 vessels Agreed newbuild order
Capacity 93,000 cbm per vessel Very Large Ammonia Carriers
Aggregate yard construction cost Approximately $216 million Expected cost for the two carriers
Fixed-rate charter backlog A minimum of approximately $162 million Added by the long-term time charters
Scheduled delivery From the second quarter of 2028 New carriers
Charter extension options Up to 4 years Options held by the charterer
Fixed-rate charter backlog added More than $1.3 billion Acquisitions and charter extensions announced so far in 2026
Very Large Ammonia Carriers technical
"two 93,000 cbm Very Large Ammonia Carriers"
dual-fuel propulsion technical
"will have dual-fuel propulsion"
Dual-fuel propulsion is an engine or propulsion system designed to run on two different types of fuel (commonly a cleaner gaseous fuel such as LNG or natural gas and a liquid fuel such as diesel or heavy fuel oil). It matters to investors because it offers fuel flexibility that can lower operating costs, reduce regulatory or carbon-exposure risk, and affect resale value — like a car that can switch between petrol and electric power depending on price and rules.
time charters financial
"agreed long term time charters to an oil major"
Time charters are contracts in which a ship owner rents a vessel to a renter for a set period of time; the renter directs where the ship goes and pays for fuel and voyage costs, while the owner provides the crew and handles maintenance. Investors care because time charters turn uncertain spot-market sales into more predictable revenue and cash flow, reducing near-term exposure to volatile freight rates—like renting a truck for months instead of selling single deliveries.
fixed rate charter backlog financial
"adding a minimum of approximately $162 million to its fixed rate charter backlog"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What cargo can SFL's new ammonia carriers transport, and what propulsion will they use?

The carriers will be able to carry a wide range of petrochemical gases and will have dual-fuel propulsion, with technology for fuel efficiency and cargo intake optimization.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 6-K
 
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
 RULE 13A-16 OR 15D-16 UNDER THE SECURITIES
EXCHANGE ACT OF 1934
 
For the month of October 2026
Commission File Number: 001-32199
 
SFL Corporation Ltd.
--------------------------------------------------------------------------------
(Translation of registrant's name into English)
 
Par-la-Ville Place
14 Par-la-Ville Road
Hamilton, HM 08, Bermuda
--------------------------------------------------------------------------------
(Address of principal executive offices)
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ X ]     Form 40-F [   ]
 







INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Attached hereto as Exhibit 1 is a copy of the press release of SFL Corporation Ltd. (NYSE: SFL) (“SFL” or the “Company”), dated October 5, 2026, announcing that it has agreed to build two 93,000 cbm Very Large Ammonia Carriers.






SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
SFL CORPORATION LTD.
Date:October 5, 2026By:/s/ Ole B. Hjertaker
Name: Ole B. Hjertaker
Title: SFL Management AS
(Principal Executive Officer)





EXHIBIT 1

SFL - Newbuild order for two Very Large Ammonia Carriers in combination with long term time charters

SFL Corporation Ltd. (NYSE: SFL) (“SFL” or the “Company”) today announced that it has agreed to build two 93,000 cbm Very Large Ammonia Carriers. The vessels will be able to carry a wide range of petrochemical gases, and will have dual-fuel propulsion and the latest technology for fuel efficiency and cargo intake optimization. Delivery is scheduled from the second quarter of 2028 and the aggregate yard construction cost is expected to be approximately $216 million.

Concurrently, the Company has agreed long term time charters to an oil major, adding a minimum of approximately $162 million to its fixed rate charter backlog. The duration of the initial charter period will be determined within the next six months, and the backlog may increase at that point. The charterer will also have options to extend the time charters by up to 4 years.

Ole B. Hjertaker, CEO of SFL Management AS, said in a comment:

«The gas carrier project marks another accretive milestone investment for SFL, adding assets in a new segment. The charterer is a European based investment grade oil major, underlining SFL's standing as a high-quality provider of maritime logistics assets. Including acquisitions and charter extensions announced so far this year, we have added more than $1.3 billion to our fixed rate charter backlog in 2026.»

October 5, 2026


The Board of Directors
SFL Corporation Ltd.
Hamilton, Bermuda

Investor and Analyst Contacts:
Espen Nilsen Gjøsund, Vice President - Investor Relations, +47 47 50 05 00
André Reppen, Chief Treasurer & Senior Vice President, +47 23 11 40 55
Aksel Olesen, Chief Financial Officer, +47 23 11 40 36

Media Contact:
Ole B. Hjertaker, Chief Executive Officer, SFL Management AS
+47 23 11 40 11


About SFL

SFL has a unique track record in the maritime industry and has paid dividends every quarter since its initial listing on the New York Stock Exchange in 2004. The Company’s fleet of vessels is comprised of tanker vessels, bulkers, container vessels, car carriers and offshore drilling rigs. SFL’s long term distribution capacity is supported by a portfolio of long term charters and significant growth in the asset base over time. More information can be found on the Company's website: www.sflcorp.com.




Cautionary Statement Regarding Forward Looking Statements

This press release may contain forward looking statements. These statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, including SFL management’s examination of historical operating trends, data contained in the Company’s records and other data available from third parties. Although SFL believes that these assumptions were reasonable when made, because assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond its control, SFL cannot give assurance that it will achieve or accomplish these expectations, beliefs or intentions.

Important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in the forward looking statements include the strength of world economies, fluctuations in currencies and interest rates, general market conditions in the seaborne transportation industry, which is cyclical and volatile, including fluctuations in charter hire rates and vessel values, changes in demand in the markets in which the Company operates, including shifts in consumer demand from oil towards other energy sources or changes to trade patterns for refined oil products, changes in market demand in countries which import commodities and finished goods and changes in the amount and location of the production of those commodities and finished goods, technological innovation in the sectors in which we operate and quality and efficiency requirements from customers, increased inspection procedures and more restrictive import and export controls, changes in the Company’s operating expenses, including bunker prices, dry-docking and insurance costs, performance of the Company’s charterers and other counterparties with whom the Company deals, the impact of any restructuring of the counterparties with whom the Company deals, and timely delivery of vessels under construction within the contracted price, governmental laws and regulations, including environmental regulations, that add to our costs or the costs of our customers, potential liability from pending or future litigation, potential disruption of shipping routes due to accidents, political instability, terrorist attacks, piracy or international hostilities, and the impact on the demand for commercial seaborne transportation and the condition of the financial markets, and other important factors described from time to time in the reports filed by the Company with the United States Securities and Exchange Commission. SFL disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.










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