{
  "id": 12670458,
  "title": "SFL – Sale of four LR2 and three Suezmax tankers, and termination of charters",
  "url": "https://urgent.news/2026/10/07/sfl-sale-of-four-lr2-and-three-suezmax-tankers-and-termination-of",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-07T17:00:53.000Z",
  "source": {
    "name": "Hellenic Shipping News",
    "slug": "hellenic-shipping-news",
    "url": "https://www.hellenicshippingnews.com/sfl-sale-of-four-lr2-and-three-suezmax-tankers-and-termination-of-charters/"
  },
  "original_language": "en",
  "account": "SFL Corporation Ltd. has agreed to sell four LR2 product tankers and three Suezmax tankers, currently on charter with global commodities leader Trafigura. These vessels, acquired in 2021 and 2022, were built in 2014-2015 and 2019, respectively. The profit share mechanism in the charter agreements will be settled upon completion of the sales. SFL anticipates receiving approximately $275 million in net cash proceeds after profit share and debt repayment, with an estimated aggregate book gain of $175 million. Chief Executive Officer Ole B. Hjertaker expressed confidence in the transaction, stating that it highlights the value of their operating platform and plans to reinvest the proceeds in new, profitable investments to enhance long-term distribution capacity.",
  "summary": "SFL Corporation Ltd. announced that it has agreed to sell four 2014- and 2015-built LR2 product tankers and three 2019-built Suezmax tankers, currently on time charters to Trafigura, a global leader in the commodities industry. The vessels were acquired in 2021 and 2022, and the charter agreements include a profit share mechanism in the event ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}