SFL sells seven tankers and terminates charters
FROM THE WIRE · FINANCE.YAHOO.COM
SFL Corporation SFL Corporation Ltd. (NYSE: SFL) ("SFL" or the "Company") today announced that it has agreed to sell four 2014- and 2015-built LR2 product tankers and three 2019-built Suezmax tankers, currently on time charters to Trafigura, a global leader in the commodities…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishAsset sale with estimated book gain of $175 million; ordinary relevance for shipping company.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01SFL Corporation agreed to sell four LR2 product tankers and three Suezmax tankers to Trafigura.
- 02Vessels to be delivered in Q4 2026 and Q1 2027, with charter termination upon delivery.
- 03Estimated net cash proceeds to SFL approximately $275 million, with aggregate book gain of approximately $175 million.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets