# Fleet changes thru 12/22/25

**URL:** <https://discussion.fool.com/t/fleet-changes-thru-12-22-25/122649>\
**Category:** Shipping News\
**Created:** [December 23, 2025, 4:29am UTC](https://discussion.fool.com/t/fleet-changes-thru-12-22-25/122649 "2025-12-23T04:29:06Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![HohumYNWA](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/hohumynwa/32/1511_2.png) [@HohumYNWA](https://discussion.fool.com/u/HohumYNWA)\
**Post date:** [December 23, 2025, 4:29am UTC](https://discussion.fool.com/t/fleet-changes-thru-12-22-25/122649/1 "2025-12-23T04:29:06Z")

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Broker Carriers has some transactions reported

- Pair of Suezmax tankers sold by SFL
- Pair of LR2s sold by STNG

> **[WK-51-25-CARRIERS\_SP-MARKET-REPORT.pdf](https://www.hellenicshippingnews.com/wp-content/uploads/2025/12/WK-51-25-CARRIERS_SP-MARKET-REPORT.pdf)**

A separate announcement from Nordic American Tankers (NAT) indicating they are also selling a pair of Suezmax vessels, a 2004-build and a 2005-build. Since NAT have indicated plans for a pair of newbuild orders, the proceeds from the sale (both vessels unencumbered) can go towards the down payment of the newbuilds.

Going back to SFL, their two vessels were actually a set of four vessels serving the same charter. Interestingly, the sold vessels are Chinese built, and the retained vessels are South Korean built.

> **[Correction: SFL – Sale of Suezmax Tankers and Termination of Charters – Home](https://www.sflcorp.com/correction-sfl-sale-of-suezmax-tankers-and-termination-of-charters/)**

I would have to go dig into SFL prior announcements, but it sounds like the deal was structured as a Sales-&-Leaseback, and for whatever reason, the charterer opted to reacquire two of the vessels. In some ways, this transaction is a plus for SFL. Extra cash is helpful when the company is somewhat squeezed, and has an idle expensive drilling rig, that adds more stress to the books.

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<div class="post-metadata">

**Author:** ![HohumYNWA](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/hohumynwa/32/1511_2.png) [@HohumYNWA](https://discussion.fool.com/u/HohumYNWA)\
**Post date:** [December 23, 2025, 4:41am UTC](https://discussion.fool.com/t/fleet-changes-thru-12-22-25/122649/2 "2025-12-23T04:41:51Z")

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Since I had a reference year (2022), it wasn’t difficult to track down the Press release that discusses the acquisition -

> **[SFL – Acquisition of four Suezmax tankers in combination with long term...](https://www.sflcorp.com/sfl-acquisition-of-four-suezmax-tankers-in-combination-with-long-term-charters/)**

Interestingly, this wasn’t as big a surprise as the purchase terms had indicated the charters could be terminated earlier. What is interesting is that SFL paid an avg of $56M per vessel, used each vessel for 3 - 3.5 years, and sells a pair of the vessels for $57M - That is indeed good business.