John Fredriksen-controlled SFL Corp is expecting to expand its fleet further amid "challenging" banking conditions for shipping companies.
The New York-listed sale-and-leaseback specialist sees opportunities for growth following its transition to containership and bulker ownership over the last decade, reducing its exposure to tankers and offshore vessels.
Chief executive Ole Hjertaker said: "We believe the combination of a challenging banking market for many players and attractive asset prices will create significant opportunities for SFL in finding investment opportunities."
