John Fredriksen’s SFL offloads another bulker

John Fredriksen’s SFL Corporation continues to offload bulk carriers at pace. 

The company has sold its tenth bulker in 2025, the 14-year-old, 57,000 dwt SFL Sara, built at Xiamen Shipyard, fetching $11.2m from undisclosed Chinese interests. 

The sale follows a recent transaction of a sister vessel, SFL Yukon, to Fujian Highton Development—one of China’s most aggressive bulker buyers—for $10.2m. This ship fetched a lower price due to its imminent drydocking, whereas SFL Sara’s next drydock is due in 2026. 

The sales are part of SFL’s broader strategy to modernise its fleet. The listed vehicle is well-capitalised and ready to acquire newer ships. 

SFL has been actively streamlining its fleet across many sectors. In early 2025, the company sold a 1,700 teu feeder containership and exited the capesize segment, allowing Golden Ocean—dual-listed in Oslo and New York—to exercise purchase options on eight capesizes worth $112m in total at their 10-year charter-in milestone. 

Following the latest deal, SFL’s dry bulk portfolio is down to two panamax and two supramax vessels.