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Hapag to lease six 14,000-TEUers from SFL for US$540m
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Posttime:2022-03-23
HAPAG is leasing six 14,000-TEU vessels from SFL Corporation for US$540 million, with the company adding $1 billion to their charter backlog during Q1 of 2022, reports Mumbai's New Stat Trade Times.
The agreement is for a fixed period of five years following the expiry of the vessels' existing charters to another container line in 2023-2024.
"The vessels will then have charter coverage until 2028-2029 at firm rates, reflecting the current strong container market. The new time charter contracts will add $540 million to SFL's fixed-rate charter backlog, increasing the backlog to $3.8 billion," said SFL Corporation.
Said SFL chief executive Old Hjertaker: "We are excited to build a long-term relationship with Hapag-Lloyd, the world's fifth-largest container line,"
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