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 announced the sale of the 2010-built suezmax tanker Everbright to an unrelated third party for approximately $41.1 million. The vessel was debt-free at the end of Q1 2023, and a book gain of about $6.4 million is anticipated in Q2 due to this sale. This divestment aligns with SFL's strategy to renew and diversify its fleet, with plans to reinvest the net cash proceeds into new assets. SFL has a long-standing history of consistent dividend payments since its NYSE listing in 2004 and operates a diverse fleet of vessels, contributing to a strong distribution capacity supported by long-term charters.
SFL Corporation Ltd. (NYSE: SFL) has announced the sale of two 2008-built chemical tankers, SFL Weser and SFL Elbe, for approximately $19.5 million. The vessels, which have been operating in the spot market for two years, are expected to be delivered to the buyer in Q2. A book impairment of around $7 million will be recorded in Q1 due to this sale. Additionally, the company confirmed the delivery of the Glorycrown tanker, sold for $43.5 million, resulting in a $9 million book gain. SFL focuses on renewing its fleet, and proceeds will be reinvested into new assets.
The preliminary results presentation for the fourth quarter of 2022 for SFL is scheduled for February 15, 2023. This presentation will cover key metrics and financial performance insights relevant to the fourth quarter results. The link to download the detailed presentation is provided.
Investors can expect to gain important updates about SFL's performance during this period, including revenue figures and other essential financial data.
SFL Corporation Ltd. reported its preliminary financial results for Q4 2022, achieving a net profit of $48.5 million ($0.38 per share) and a charter hire of approximately $208 million. The company declared its 76th consecutive quarterly dividend, increasing it to $0.24 per share. With a robust adjusted EBITDA of $127.5 million from consolidated subsidiaries and an additional $7.9 million from related companies, SFL continues to strengthen its portfolio, including four new vessels delivered. The sale of a 2009-built Suezmax crude oil tanker is also in progress, expected to close in Q1 2023.
SFL Corporation Ltd. (NYSE: SFL) will announce its preliminary financial results for Q4 2022 on February 15, 2023. A conference call and webcast will take place on the same day at 10:00 AM (EST) / 4:00 PM (CET), accessible via SFL’s Investor Relations page at www.sflcorp.com. Participants can join through a live webcast or dial-in for a Q&A session. A replay of the conference will be available on SFL's website following the call. The Company has maintained a consistent record of dividends since its NYSE listing in 2004, showcasing its stable maritime operations.
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SFL Corporation Ltd. (NYSE: SFL) has engaged Arctic Securities and DNB Markets to organize fixed income investor meetings starting January 13, 2023. A potential USD denominated 4-year senior unsecured sustainability-linked bond may follow, depending on market conditions. Proceeds from this bond issue will be allocated to refinance existing bonds and support general corporate purposes. Established in 2004, SFL has consistently paid dividends each quarter and boasts a diverse fleet of vessels, emphasizing its long-term stability and growth potential in the maritime industry.
On November 14, 2022, SFL Corporation Ltd. reported its preliminary financial results for Q3 2022, showcasing a remarkable net profit of $49.9 million or $0.39 per share. The company declared its 75th consecutive dividend at $0.23 per share, continuing its commitment to shareholder returns. With charter hire totaling $177.5 million and an adjusted EBITDA of $117.7 million, SFL maintains a robust financial position, highlighted by a fixed-rate charter backlog of $3.8 billion.
SFL Corporation Ltd. (NYSE: SFL) has acquired a Pure Car Truck Carrier (PCTC) along with a long-term charter agreement with a prominent car carrier operator, expected to generate a backlog of approximately $65 million until 2028. The company will receive the vessel in Q4 2022, enhancing its revenue potential through additional profit share opportunities linked to fuel savings. SFL has also recently added four Suezmax tankers and a new eco-design feeder container vessel to its fleet, with full revenue impacts anticipated from Q1 2023.
SFL Corporation Ltd. (NYSE: SFL) held its 2022 Annual General Meeting on September 30, 2022, where several resolutions were passed. This included setting the maximum number of Directors to eight and designating casual vacancies for the Board. Directors Kathrine Fredriksen, Gary Vogel, Keesjan Cordia, James O'Shaughnessy, Ole Hjertaker, and Will Homan-Russell were re-elected. The remuneration for the Board was approved at a total of $800,000 for 2022, and an amendment to the bye-laws was also sanctioned.