US-listed SFL Corp is in no rush to sell seven non-performing handysize bulkers it has earmarked for disposal.
The John Fredriksen-controlled shipowner revealed it took an $80m impairment hit on the vessels in the first quarter, as their likely future earnings were below their book value.
Speaking on a conference call to analysts, chief executive Ole Hjertaker said: "With limited long-term charter opportunities for these vessels, the company will look at opportunities to divest the vessels at a later stage when market conditions are right as part of our...
