John Fredriksen’s SFL Corp has already seen a big jump in the value of a quartet of suezmaxes bought in August.

The US-listed sale-and-leaseback specialist’s chief executive, Ole Hjertaker, told a conference call with analysts that the charter-free value of the modern ships has already risen 16% — a gain of $35.6m.

“This does not mean anything for the near-term cash flows, but it’s important for the overall risk profile for us,” he added.