SFL acquires VLCC newbuilding trio

Ship Finance International (SFL) has entered into an agreement to acquire three 300,000DWT very large crude carriers (VLCCs) currently under construction at Daewoo Shipbuilding and Marine Engineering (DSME) in South Korea for a net purchase price of US$60 million per vessel.

The vessels were ordered in 2018 by affiliates of Norway’s Hunter Group and are expected to be delivered within the next two months.

After delivery to SFL, the vessels will immediately commence five-year bareboat charters to Hunter with purchase options during the charter period.

Baird Maritime

The best maritime site on the web. The sea's our scene!