John Fredriksen's SFL Corp will reinvest cash from selling three VLCCs back to Hunter Group in new assets.
The New York-listed owner said Arne Fredly-backed Hunter is taking advantage of its right to reacquire two VLCCs it offloaded in a sale and leaseback in September.
The 300,000-dwt Hunter Atla and Hunter Saga (both built 2019) will be delivered in late August, and Hunter's option to buy the sistership Hunter Laga will be declared later this year, SFL expects.
