SFL Bags 5-Year Charters of Three VLCC Newbuildings

  • Acquisition of 3 VLCC New Buildings with 5-year charters by SFL.
  • Net purchase price will be $180 million, or $60 million per vessel, expected to be delivered to SFL within next 2 months.
  • Initial fund deal from cash position,expect to finance significant portion of purchase price in commercial bank market.

Ship Finance International Limited announces that it has agreed to acquire three 300,000 dwt crude oil carriers, or VLCCs, currently under construction at DSME in Korea, reports Oil and Gas.

Th...

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