SFL Corporation Ltd. reports developments for an international ship-owning and chartering business with a fleet that includes tanker vessels, bulkers, container vessels, car carriers and offshore drilling rigs. Company updates center on preliminary quarterly results, cash dividends, long-term charter activity, vessel sales and investments, and contract activity tied to offshore drilling assets such as the semi-submersible rig Hercules.
SFL news also includes annual general meeting notices, Form 20-F annual report announcements and presentation materials for earnings calls. The company’s disclosures frequently connect operating revenue, charter hire, fleet employment and asset transactions to its maritime and energy-related asset base.
SFL Corporation Ltd. (NYSE: SFL) announced its 2022 Annual General Meeting (AGM) to be held on September 30, 2022, with a record date for voting set on August 19, 2022. The Notice of AGM and the Company’s Annual Report on Form 20-F will be accessible on the Company’s website before the meeting. SFL has maintained a consistent quarterly dividend since its NYSE listing in 2004, supported by a diverse fleet including container vessels, car carriers, and offshore drilling rigs. Detailed information can be found at www.sflcorp.com.
SFL Corporation Ltd. (NYSE: SFL) has appointed Mr. Will Homan-Russell as a Director. Homan-Russell brings extensive maritime investment experience, currently serving as Chief Investment Officer at WMC Capital Ltd. He co-founded the Albemarle Shipping Fund and previously worked at Tufton Oceanic Limited from 2003 to 2018. His academic background includes an MA in Mathematics from Oxford University and an MSc in Finance from London Business School. SFL has paid dividends quarterly since its NYSE listing in 2004 and operates a diverse fleet supported by long-term charters.
The preliminary results for SFL's first quarter of 2022 will be presented on May 12, 2022. Investors can access the details through the associated attachment. Comprehensive financial metrics and updates are expected to be included in the presentation.
SFL Corporation Ltd. announced its preliminary Q1 2022 results, declaring a $0.22 per share dividend—the 73rd consecutive quarterly dividend. Operating revenue reached approximately $152.4 million, with a net profit of $47.0 million. The company received around $165.9 million in charter hire and reported adjusted EBITDA of $111.3 million. New charters for six container vessels to Hapag-Lloyd AG add $540 million to the backlog, while the sale of two VLCCs and one container vessel netted approximately $83 million.
SFL Corporation Ltd. (SFL) will release its preliminary financial results for Q1 2022 on May 12, 2022. The Company will host a conference call and webcast at 10:00 AM EST / 4:00 PM CET, with materials available on its Investor Relations page. Listeners can join via webcast or conference call using the details provided. A Q&A session will follow the presentation. SFL has a strong track record in the maritime industry, paying dividends quarterly since its NYSE listing in 2004, with a diverse fleet of container vessels, bulkers, tankers, and offshore drilling rigs.
SFL Corporation Ltd. (NYSE: SFL) announced the sale of two 2004-built VLCCs, Front Energy and Front Force, to an unrelated third party for approximately $70 million. This includes compensation from Frontline Ltd. for early charter termination. The transaction is expected to close by early Q2, generating a book gain of $2 million. The sale is part of SFL's strategy to renew its fleet, with proceeds reinvested in new assets. Post-sale, SFL will not have any vessels chartered to Frontline Ltd.
SFL Corporation Ltd. (NYSE: SFL) has filed its Annual Report on Form 20-F for the financial year ended December 31, 2021, with the U.S. Securities and Exchange Commission. The report includes comprehensive audited financial statements for 2021 and can be accessed via SFL's website or the SEC's site. Shareholders can request a hard copy of the report free of charge. SFL has maintained a consistent dividend payment history since its NYSE listing in 2004, with its fleet comprising various vessels supported by long-term charters.
SFL Corporation Ltd. (NYSE: SFL) announces a five-year charter agreement for six 14,000 TEU container vessels with Hapag-Lloyd AG, effective after current contracts expire in 2023-2024. This deal enhances SFL's charter backlog by approximately $540 million, raising it to $3.8 billion. CEO Ole B. Hjertaker emphasized the significance of this partnership, stating it underscores SFL's operational strength and time charter strategy. The company has added over $1 billion to its charter backlog in Q1 2022, providing strong earnings visibility.
SFL Corporation Ltd. (NYSE: SFL) has announced changes to the management structure of its jack-up drilling rig, West Linus, initially delivered in 2014. Currently operated by Seadrill, the contract with ConocoPhillips Skandinavia AS in the North Sea, valid until late 2028, will be assigned to an SFL subsidiary as Seadrill emerges from Chapter 11 bankruptcy. Operational management will transition to Odfjell Drilling Ltd., contingent on regulatory approval. The rig's contract ensures a backlog of approximately $500 million, with a current charter rate of about $55,000 per day during the transition.
SFL announced the presentation of its preliminary fourth quarter results, scheduled for February 16, 2022. The results will offer insights into the company's financial performance and operational highlights for the period. Investors and stakeholders are encouraged to track the upcoming presentation for detailed analysis and figures.