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.
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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.