SFL Corp’s profit increased in the third quarter as its backlog provided a steady cash flow.
The John Fredriksen-backed company’s net income was $44.5m compared with $20.6m in the second quarter.
Chief executive Ole Hjertaker said: “Over the last decade, SFL has transformed from a vessel financing provider to a maritime infrastructure company, with the vast majority of assets on long-term time charters to end users.
