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SFL is buying bulk carriers and container vessels.
Hope they know what they're doing. There is no horizon visible in those two sectors."
Many in shipping opine that the key to earnings is knowing when to buy and sell the ships. SFL seems to thinks that now is a good time based on historic price ranges and ship design/efficiency developments. Plus they start with long-term contracts to give time for the cycle to turn.
If they are right then the danger is leverage if the down cycle is much longer than expected, but they have thus far been good at mitigating this risk via aggressive amortization, etc.