Mergers & Acquisitions ·
SFL agrees to sell seven tankers for net cash proceeds estimated at $275 million
SFLSFL Corp Ltd.
SFL Corporation has agreed to sell four LR2 product tankers and three Suezmax tankers to Trafigura, with deliveries scheduled in Q4 2026 and Q1 2027. The transaction generates approximately $275 million in net cash proceeds after profit share distributions and debt repayment, alongside an estimated book gain of $175 million. SFL plans to reinvest the capital into new accretive investments to enhance its long-term distribution capacity. The company operates in the maritime transportation industry, managing a diversified fleet of tankers, bulkers, container vessels, car carriers, and offshore drilling rigs.