Re: Probably interest for posters here
sfl paid $60 ml per tanker instead of $90ml...gave them a deal with bareboat.($11,500. a day)
Now,wait to March when Hunter gets to buy the boats back.
Hunter had to pay $90ml ship,sold it to Sfl for $60ml.They can buy back ships within 6 months.What price?????who knows...
Hunter could be in a squeeze since @ this time they should have 2more ships in Mar and June.Thats 5 ships @ one time.Also canceled $420ml loan.
Most likely they will not buy back ships from SFL.This bareboat charter is for 5 yrs.
The price of bb is going to have to go up around $20+ a day.