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. 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) 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.
SFL Corporation Ltd. (NYSE: SFL) will hold its 2022 Annual General Meeting on September 30, 2022. The notice and associated information, including the Company's Annual Report on Form 20-F, are available on their website. Since its NYSE listing in 2004, SFL has consistently paid dividends quarterly. The Company operates a diverse fleet consisting of container vessels, car carriers, tanker vessels, bulkers, and offshore drilling rigs. SFL’s long-term distribution is backed by significant growth and a robust portfolio of long-term charters.