initrd problem after upgrading from master

[Matthias Play]

Hi,

I updated my system to the latest master, today (26b5dbf28e0ee0c0...) 
and am having problems booting from initrd image using an encrypted ssd, 
now.

The loader says it can't find /kernel/initrd. Also, I have regenerated 
initrd with make rescue, but this didn't help in resolving the issue.

Here is the content of my loader.conf:

autoboot_delay=3
loader_color=yes
dm_load=yes
dm_target_crypt_load=yes
initrd.img_load=yes
initrd.img_type="md_image"
vfs.root.mountfrom="ufs:md0s0"
vfs.root.realroot="crypt:hammer:/dev/serno/<number>.s1d:root"
snd_hda_load=yes

Do I have to issue an additional step apart from doing a "make 
installkernel  && make installworld && make upgrade"?

Regards
Matthias