SFL Corporation Ltd. sold four LR2 and three Suezmax tankers to Trafigura, with net cash proceeds estimated at $275 million and an aggregate book gain of $175 million.
Why it matters. SFL Corporation's sale of tankers to Trafigura affects the company's financial position and long-term distribution capacity.
governmental laws and regulations, including environmental regulations, that add to our costs or the costs of our customers
changes in the Company’s operating expenses, including bunker prices, dry-docking and insurance costs
The Company currently estimates an aggregate book gain of approximately $175 million from the transaction.
the net cash proceeds to SFL is estimated at approximately $275 million in aggregate.
The Company has now agreed to sell the vessels to Trafigura
fluctuations in charter hire rates
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 industry.
The sales price per vessel is confidential, but after profit share and repayment of associated debt, the net cash proceeds to SFL is estimated at approximately $275 million in aggregate. The Company currently estimates an aggregate book gain of approximately $175 million from th…
