SFL lands $275m cash haul from Trafigura tanker sale

AI Summary

SFL Corporation agreed to sell seven tankers to commodities trader Trafigura for a deal expected to generate about $275 million in net cash proceeds and a roughly $175 million book gain. The vessels include four LR2 product tankers and three Suezmaxes, all already on time charter.

John Fredriksen-linked SFL Corporation has agreed to sell seven tankers to commodities giant Trafigura in a deal expected to generate about $275m in net cash proceeds and a book gain of roughly $175m. The package comprises four 2014- and 2015-built LR2 product tankers and three 2019-built suezmaxes, all of which are already on time charter …