filecrux
Oct 7, 8:53 PM
$SFL SFL is selling seven tankers back to their charterer, Trafigura, for about
$275M of net cash, roughly 14% of its
$2B market value, plus a ~
$175M book gain, and the stock barely moved today. That cash alone covers the ~
$216M yard cost of the two ammonia carriers SFL ordered on Oct 5. The other side: the Trafigura charters end when the ships are delivered, so their income goes too, and per-ship prices were not disclosed. Deliveries run Q4 2026 to Q1 2027.
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