Ship Finance International (SFL +0.3%) agrees to sell its Soehanah jack-up drilling rig to an unnamed buyer and three very large crude carriers to ADS Crude Carriers for a combined $77.6M.
SFL says the sales price for the 11-year-old Soehanah is confidential but expects the deal to generate a book profit, and the rig is debt free; delivery is expected in H2 2018.
Frontline (FRO -1.1%) will pay SFL $10.1M for the termination of the charters in the form of three promissory notes.
SFL says the three VLCCs – Front Page, Front Stratus and Front Serenade – are among the few vessels remaining from the company’s inception in 2004; delivery to ADS is expected in Q3.
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Source: Seeking Alpha
