Ship Finance (SFL) Acquires Three Suezmax Tankers

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SFL - Acquisition of modern Suezmax tankers and long term charters

September 7, 2021 5:48 AM EDT

SFL Corporation Ltd. (NYSE: SFL) (SFL or the Company) announced today that it has agreed to acquire three Suezmax tankers in combination with long term time charters to a world-leading commodity trading and logistics company.

The vessels are built in 2019 and have the latest eco-design features, including exhaust gas cleaning systems. The Company expects to take delivery of the vessels in the fourth quarter.

The charter period of the vessels will be for minimum five years with extension options thereafter, adding approximately $140 million... More