SFL Corporation chief executive Ole Hjertaker said it was left with no option other than selling three laid-up offshore support vessels (OSVs) chartered to restructuring Solstad Offshore.

The John Fredriksen-backed company revealed on Tuesday that it scrapped the bareboat deals for the 15,000-hp medium-size anchor-handling tug supply (AHTS) ships Sea Cheetah, Sea Jaguar (both built 2015) and Sea Leopard (built 1998).