Suezmax tankers
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Suezmax Tanker Sales and Charter Terminations
SFL Corporation is selling two Suezmax tankers to a Koch Industries subsidiary for approximately $57 million each. Net proceeds are expected to be around $26 million per vessel after debt and fees. SFL will also terminate charters for two newer Suezmax tankers with Koch, receiving a fee. The company plans to reinvest proceeds into younger, more efficient vessels to capitalize on strong charter market rates.
