Welcome to our dedicated page for Sfl Corporation news (Ticker: SFL), a resource for investors and traders seeking the latest updates and insights on Sfl Corporation stock.
SFL Corporation Ltd. (NYSE: SFL) is an international ship-owning and chartering company with a diversified fleet of tanker vessels, bulkers, container vessels, car carriers and offshore drilling rigs. The news flow around SFL often reflects developments across these segments, including charter activity, fleet renewal and capital allocation decisions.
On this page, readers can follow SFL news related to quarterly earnings releases, dividend declarations, asset sales and charter agreements. Recent announcements have covered preliminary results for multiple quarters, consecutive quarterly cash dividends, and details on how much charter hire is generated from shipping versus energy operations.
SFL’s updates also highlight fleet optimization, such as the sale and redelivery of older dry bulk and container vessels, efficiency upgrades on modern ships, and transactions involving Suezmax tankers. In the energy segment, news items describe the status of the harsh environment drilling rigs Linus and Hercules, including long-term contracts and periods when Hercules is warm stacked pending new employment.
Corporate governance and financing developments appear in SFL’s news as well, including annual general meeting results, board changes, share repurchase authorizations, and information about dividend reinvestment and at-the-market equity programs. Together, these items give investors and observers a view into how SFL manages its maritime infrastructure portfolio, charter backlog and shareholder distributions over time.
For anyone tracking the deep sea freight transportation and offshore drilling space, SFL’s news provides regular insight into contract coverage, asset mix, and the company’s approach to fleet renewal, upgrades and capital structure.
SFL Corporation Ltd. reported its preliminary Q4 2021 results, declaring a quarterly cash dividend of $0.20 per share, marking the 72nd consecutive dividend. The company generated approximately $152.1 million in operating revenue with a net profit of $80.1 million. Charter hire revenues totaled $165.8 million for the quarter, including profit shares. Adjusted EBITDA reached $121.3 million, driven by its strategic acquisitions and sales, including the acquisition of four LR2 product tankers and the sale of seven Handysize dry bulk vessels for $98 million. The company maintains a strong charter backlog of $2.8 billion.
SFL Corporation Ltd. (NYSE: SFL) will release its preliminary financial results for Q4 2021 on February 16, 2022. A conference call and webcast will be available the same day at 10:00 AM (EST) / 4:00 PM (CET). Interested parties can access the presentation through the Investor Relations section of the company’s website at www.sflcorp.com. Participants can join via a webcast or dial-in, with details provided in the release. A Q&A session will follow the presentation, and a replay will also be available online.
SFL Corporation Ltd. (NYSE: SFL) announced the acquisition of four Aframax LR2 product tankers for $160 million alongside long-term charters to a Trafigura subsidiary. The vessels, built in 2014-2015 with eco-design features, are set for delivery between December 2021 and February 2022. The charter period is a minimum of five years, contributing an additional $160 million to SFL's fixed-rate backlog. This deal demonstrates SFL's commitment to growth in the tanker market, adding over $1 billion to its charter backlog this year.
SFL is set to present its preliminary third quarter results on November 10, 2021. The presentation will provide insights into the company's financial performance during the period, reflecting key metrics and developments. Stakeholders are encouraged to review the linked presentation for detailed information on revenue, operational status, and future expectations.
For more information, the Third Quarter 2021 Results Presentation can be accessed via the provided link.
SFL Corporation Ltd. reported its preliminary Q3 2021 results, declaring a quarterly dividend of $0.18 per share, marking the 71st consecutive dividend payment. The company achieved an operating revenue of approximately $135.4 million and a net profit of $33.2 million. Charter hire amounted to $155.9 million, and adjusted EBITDA reached $100.7 million. Additionally, SFL agreed to acquire three modern Suezmax tankers and sold seven Handysize dry bulk vessels for $98 million. The dividend will be distributed on or around December 29, 2021.
SFL Corporation Ltd. (SFL) will announce its preliminary financial results for Q3 2021 on November 10, 2021. A conference call and webcast for stakeholders is scheduled for 10:00 AM EST / 4:00 PM CET on the same day. Interested parties can access materials from the Investor Relations section of SFL's website, www.sflcorp.com. The presentation will include a Q&A session afterwards. A replay of the conference call will be available for seven days post-event.
SFL Corporation Ltd. (NYSE: SFL) announced the sale of seven handysize dry bulk vessels to an Asian buyer for approximately $100 million. Expected net cash proceeds after debt repayment are over $50 million, with anticipated book gains exceeding $40 million. The vessels, each with cargo capacity between 32-34,000 dwt, have been in the spot market for five years due to limited long-term chartering opportunities. The sale, which will not affect the company’s charter backlog, is part of a strategy to reinvest in new assets.
SFL Corporation Ltd. (NYSE: SFL) has announced the acquisition of three Suezmax tankers with long-term charters to a leading commodity trading company. The 2019-built vessels feature modern eco-designs, including exhaust gas cleaning systems, and are expected to be delivered in Q4. This transaction will enhance SFL's backlog by approximately $140 million over a minimum five-year charter period, with potential profit-sharing on future vessel sales. CEO Ole B. Hjertaker highlighted the strategic nature of this acquisition amidst a soft tanker market, aiming for sustained growth.
The preliminary results presentation for SFL's second quarter of 2021 will take place on August 18, 2021. Key details and insights will be shared, allowing investors to gauge the company's financial performance. The results will provide vital information on revenue, expenses, and other financial metrics indicative of the company's market standing. Interested parties can access the presentation through the provided link.
For further insights, view the attached presentation outlining SFL's performance metrics and projections.
In its preliminary Q2 2021 results, SFL Corporation Ltd. reported operating revenue of approximately $116.8 million and a net profit of $19.5 million. The company declared its 70th consecutive quarterly dividend at $0.15 per share, payable on or around September 29, 2021. SFL secured $141.5 million in charter hire this quarter and committed nearly $700 million to investments in modern vessels, enhancing its carbon footprint in line with its ESG strategy. Key agreements include acquiring two container vessels with long-term charters to Maersk and Evergreen.