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SFL Corporation Bolsters Fleet with New Vessels
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SFL Corporation Bolsters Fleet with New Vessels

Sfl Corporation Limited (SFL) has released an update.

SFL Corporation Ltd. is expanding its fleet with the acquisition of two cutting-edge LNG dual-fuel chemical carriers for approximately $114 million, with long-term charters lined up with Stolt Tankers. These vessels, which are expected to be delivered between June and August 2024, will join SFL’s fleet under a minimum eight-year employment agreement, featuring fixed-rate time-charter and pool earnings options. This move is set to capitalize on favorable market conditions for stainless-steel chemical tankers and strengthen SFL’s portfolio of maritime assets.

For further insights into SFL stock, check out TipRanks’ Stock Analysis page.

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