John Fredriksen-backed shipowning company SFL Corp will net around $48m in profit from the sale of two VLCCs and a container ship.

The New York-listed sale-and-leaseback specialist has sold its last two VLCCs on charter to Frontline and a feeder container ship to Mediterranean Shipping Co (MSC).

The vessels have been sold for a total of $83m, but net proceeds amount to $48m after repayment of the associated debt, the company said.