Offshore staff
HAMILTON, Bermuda — SFL Corp. Ltd. has agreed to acquire four modern Suezmax tankers in combination with long-term time charters to a subsidiary of Koch Industries.
The vessels are built in 2015 and 2020, respectively, and all four have modern eco-design features including exhaust gas cleaning systems. The aggregate purchase price of the vessels is $222.5 million, and the company expects to take delivery between August and October.
The charter period of the vessels will be six years, adding approximately $250 million to SFL’s fixed-rate backlog. The charterer will have a possibility to terminate the charters after three years against a termination fee and also an option to develop a sale of one or more of the vessels from year four of the charter period, including a profit share arrangement with SFL.
08.17.2022
