Sfl Corporation Limited (SFL) has released an update.
SFL Corporation Ltd. has announced the acquisition of three new eco-designed LR2 product tankers for about $230 million, with long-term charters to a major energy and commodities firm, signaling a strategic expansion. The vessels, currently in construction, are expected to be delivered between Q2 and Q4 of 2024, potentially adding nearly $200 million to SFL’s revenue, excluding optional extension years. This move underscores SFL’s commitment to growth and its confidence in the tanker market’s potential.
For further insights into SFL stock, check out TipRanks’ Stock Analysis page.
