John Fredriksen-backed shipowning company SFL Corp has sold its stake in a company controlling four ultra-large containerships.
The company has divested of a 50.1% stake in a subsidiary which leases out the 19,000-teu container vessels to Mediterranean Shipping Co (MSC).
NYSE-listed SFL, a diversified lessor, has netted $17.5m from the sale to Fredriksen company Hemen Holding, its largest shareholder.
SFL controls just four containerships of this size.
