SFL Corp Announces $275M Sale of Seven Oil Tankers to Trafigura
SFL Corporation announced the sale of seven oil tankers—four LR2 product tankers and three Suezmax tankers—to global commodities trader Trafigura in a deal valued at approximately $275 million. While specific pricing per vessel was not disclosed, the transaction is expected to provide immediate liquidity for SFL as it continues its fleet optimization strategy. The sale comes amid ongoing efforts by SFL to streamline operations and reduce debt following years of financial challenges within the shipping industry. Trafigura's acquisition expands its maritime infrastructure capabilities in oil transportation. The deal was announced on Wednesday, with shares of SFL rising 2% during trading.
Tickers: $SFL
Topics: ship sales tankers Trafigura