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SFL Corporation Ltd. (NYSE:SFL) (“SFL” or the “Company”) announced today that it has agreed to acquire three new LR2 product tankers for an aggregate purchase price of approximately $230 million in combination with long term time charters to a world-leading energy and commodities company.
The vessels are currently under construction in China, with the latest eco-design features. The sellers are affiliates of the Company’s largest shareholder Hemen Holding Ltd, and the purchase price is in line with valuations by independent shipbrokers.
Posted In: SFL