SFL acquires two 14,000TEU ships, sells older feeder fleet

SFL Corporation has entered into an agreement to acquire two 14,000TEU container vessels in combination with charters to an unnamed container line.

The company expects to take delivery of the 2013-built and 2014-built vessels in the third quarter of 2021.

The new vessels are employed on time charters until 2023 and 2024, respectively, and will be available for new charter opportunities thereafter.

SFL added that, at the beginning of 2018, it agreed to lease finance a fleet of 18 vintage feeder container vessels of between 1,100 and 4,400 TEUs capacity to a subsidiary of Mediterranean Shipping Company (MSC). The vessels are now 25 years old on average, and MSC will exercise repurchase options for these vessels in the third quarter.