SFL Corp

14-September-2021

Bermuda-registered New York-listed SFL Corporation Ltd. (SFL) sold handysize bulk carriers for a total of $100 million to CDB Leasing (China Development Bank Financial Leasing. Hong Kong-listed CDB Leasing (China Development Bank Financial Leasing) confirmed in a regulatory filing that the company acquired SFL Corporation Ltd. (SFL) controlled handysize bulk carriers:

2013 built handysize bulk carrier 31K DWT MV SFL Dee
2012 built handysize bulk carrier 31K DWT MV SFL Clyde
2012 built handysize bulk carrier 33K DWT MV SFL Kent
2012 built handysize bulk carrier 34K DWT MV SFL Trent
2012 built handysize bulk carrier 31K DWT MV SFL Tyne
2011 built handysize bulk carrier 31K DWT MV SFL Medway
2011 built handysize bulk carrier 34K DWT MV SFL Medway

CDB Leasing (China Development Bank Financial Leasing) is going to take the delivery of handy bulk carriers at the end of 2021. CDB Leasing (China Development Bank Financial Leasing) will finance the ships with cash and commercial bank loans. Freight rates for handysize bulk ships have increased due to robust demand for commodities, port congestions. SFL Corporation Ltd. (SFL) employed handy bulk carriers at the spot market. Ole B Hjertaker-led SFL Corporation Ltd. (SFL) thinks this is a great time for the sale of handy bulk carriers. Currently, CDB Leasing (China Development Bank Financial Leasing) controls around 110 ships.