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. (NYSE: SFL) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the U.S. Securities and Exchange Commission. The report, which includes audited financial statements, is accessible on SFL's website and the SEC's site. Shareholders can request a free hard copy of the report. SFL, which has been consistent in dividend payments since its NYSE listing in 2004, operates a fleet of over 80 vessels, supported by long-term charters and a growing asset base.
SFL Corporation Ltd. reported preliminary Q4 2020 results, declaring a quarterly cash dividend of $0.15 per share, marking the 68th consecutive dividend. The company recorded operating revenue of approximately $115 million but faced a net loss of $165 million due to a $187 million negative impact from a drilling rig. Charter hire for the quarter was around $144 million, with an adjusted EBITDA of $96.1 million. The dividend will be paid on or around March 30, 2021.
SFL Corporation Ltd. (SFL) will announce its preliminary financial results for Q4 2020 on February 17, 2021. A conference call and webcast will be held at 10:00 AM EST that same day, accessible via the company's website. Participants can join the call through a US toll-free number +1 877 870 9135 or an international number +47 21 56 30 15, using conference ID 8577693. A Q&A session will follow the presentation, and a replay will be available for seven days.
SFL has maintained a consistent dividend distribution since 2004, operating a diverse fleet exceeding 80 vessels.
SFL Corporation Ltd. (NYSE: SFL) announced that Seadrill Ltd. has filed for Chapter 11 bankruptcy in Texas. In response, SFL secured agreements for two drilling rigs it leases to Seadrill to ensure continued operation. SFL will receive about 75% of leasing revenues sufficient to cover debt service for these rigs. However, the rig West Taurus is expected to be returned to SFL, resulting in a projected $187 million negative book adjustment in Q4 2020. The situation remains uncertain, but SFL is in talks with Seadrill and banks for a resolution.