Sfl Corporation Ltd Stock Price, News & Analysis

SFL Corporation Ltd. (NYSE: SFL) announced an amendment to its charter agreement with Seadrill for the West Hercules rig. The West Hercules will be contracted to an oil major into late 2022. SFL will receive approximately $64,700 per day until Seadrill's bankruptcy emergence and $60,000 per day thereafter, with a fallback rate of $40,000 during idle periods. Seadrill is expected to seek bankruptcy court approval for this agreement by September 2, 2021. SFL's corporate guarantee for the rig subsidiary's debt remains unchanged at $83 million.

SFL Corporation Ltd. (NYSE: SFL) has announced its agreement to acquire two modern container vessels with long-term charters to a leading container line. Built in 2013 and 2014, these eco-design vessels have a capacity of approximately 6,800 TEU. The acquisition will increase SFL's fixed-rate charter backlog by about $160 million and is expected to contribute approximately $22 million annually in EBITDA. Funding will be sourced from attractive financing and existing cash. This move reinforces SFL's strategy to expand its fleet and charter backlog.

SFL Corporation Ltd. held its 2021 Annual General Meeting on May 26, 2021, in Hamilton, Bermuda. The meeting featured the presentation of audited financial statements for 2020. Key resolutions passed included setting the maximum number of directors to eight, re-elections of several board members, the reappointment of auditors, and approval of director remuneration not exceeding $800,000 for the year 2021. SFL is recognized for its strong maritime industry presence, maintaining a quarterly dividend since its NYSE listing in 2004, with a fleet of over 80 vessels.

SFL Corporation Ltd. (NYSE: SFL) announced the award of 480,000 options to employees and board members under its Share Option Scheme. This initiative aims to incentivize management and aligns their interests with shareholders. The options are set to have a five-year term with a three-year vesting period, starting with an initial strike price of $8.79, and will be exercisable from May 2022. The company continues to showcase a solid track record in the maritime industry, maintaining consistent dividends since its NYSE listing in 2004.

The preliminary first quarter results for SFL will be presented on May 12, 2021. Investors can access the presentation through the provided link. This announcement suggests a focus on transparency and performance reporting for stakeholders as the company prepares to disclose its financial status for the quarter.

Monitoring the upcoming presentation is crucial for investors looking to understand SFL's financial health and strategic direction.

SFL Corporation Ltd. announced its preliminary Q1 2021 results, reporting operating revenue of approximately $109.1 million and a net profit of $31.5 million. The company declared its 69th consecutive quarterly dividend of $0.15 per share, payable on June 29, 2021. Significant charter hire revenue reached around $135 million, including $2.6 million in profit share. SFL also secured agreements to acquire a new vessel and build dual-fuel carriers, bolstering a $2.4 billion fixed-rate charter backlog.

SFL Corporation Ltd. (NYSE: SFL) has secured a contract with a leading European automaker to charter two new dual-fuel car carriers for ten years, adding over $200 million to its fixed-rate charter backlog. This agreement includes utilizing current vessels until delivery of the new ones, which will be built in China. The firm is focusing on eco-friendly solutions by aiming to use bio-fuel for existing ships. With this deal, SFL's charter backlog will exceed $2.4 billion, reflecting its strategy to invest in sustainable shipping assets.