SFL offloads its oldest VLCC

John Fredriksen’s SFL Corporation has announced the sale and delivery of 2002-built VLCC Front Hakata.

The sale, to an unrelated third party for around $33.2m, will see the company bank around $30m after paying compensation to Fredriksen’s Frontline for the early termination of the charter attached to the vessel.

Front Hakata was the last vessel in the SFL fleet remaining from the company’s inception in 2004.

The sale leaves SFL with five VLCCs, two of which are on charter to Frontline, in a fleet of 62 vessels.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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