SFL Corp's Frontline sell-off has begun.

According to Securities and Exchange Commission filings after the close Friday, SFL Corp sold off 1.6 million shares in its John Fredriksen-backed sibling in five blocks Thursday and Friday, netting the company $18.2m.

Tanker owner Frontline filed papers with the SEC Wednesday disclosing SFL Corp could sell its entire 11 million share position.

Friday, amidst