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02-01-2019

Ship Finance International buys 19,400-teu boxship pair with charters

Ship Finance International (SFL) has purchased two secondhand 19,400-teu containerships attached with long term charter contracts until late-2033.

The contracts from the pair of 2016-built vessels will increase SFL’s fixed rate charter backlog by nearly $470m, and the charterer has purchase obligations at the end of the charter period.

Ole B. Hjertaker, ceo of Ship Finance Management, commented: “This new acquisition broadens our relationship with one of the world’s largest liner companies.

“Over the last nine months we have added more than $1.2bn to our charter backlog in a series of accretive acquisitions,” he said.

“We believe that our strong balance sheet and ability to source attractively priced capital will allow us to continue to grow our charter backlog and cash flow visibility going forward,” he added.

Source: SMN

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