SFL announces that it has sold and delivered the 2010-built suezmax tanker Everbright to an unrelated third party. The net sale proceeds to SFL are approximately $41.1 million, and the vessel was debt free at the end of the first quarter. A book gain of approximately $6.4 million is expected to be recorded in the second quarter as a result of the sale.
Divesting of older vessels is part of the Company’s strategy to continuously renew and diversify its fleet, and the net cash proceeds are expected to be reinvested in new assets.
