SFL seals 10-year, $200m charter contract for two LNG-fuelled car carriers

John Fredriksen-backed SFL Corp has secured a long-term car carrier charter from a European automobile manufacturer, for which it will build a pair of LNG-fuelled ships.

The New York-listed company has entered into an agreement with the undisclosed charterer for two 7,000-car equivalent unit (ceu) vessels.

“The transaction is estimated to add more than $200 million in fixed-rate charter backlog, and we are adding state-of-the-art vessels designed to use LNG to our fleet,” Oslo-based SFL said.