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. 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.
SFL Corporation Ltd. reported its preliminary Q4 2021 results, declaring a quarterly cash dividend of $0.20 per share, marking the 72nd consecutive dividend. The company generated approximately $152.1 million in operating revenue with a net profit of $80.1 million. Charter hire revenues totaled $165.8 million for the quarter, including profit shares. Adjusted EBITDA reached $121.3 million, driven by its strategic acquisitions and sales, including the acquisition of four LR2 product tankers and the sale of seven Handysize dry bulk vessels for $98 million. The company maintains a strong charter backlog of $2.8 billion.
SFL Corporation Ltd. (NYSE: SFL) will release its preliminary financial results for Q4 2021 on February 16, 2022. A conference call and webcast will be available the same day at 10:00 AM (EST) / 4:00 PM (CET). Interested parties can access the presentation through the Investor Relations section of the company’s website at www.sflcorp.com. Participants can join via a webcast or dial-in, with details provided in the release. A Q&A session will follow the presentation, and a replay will also be available online.
SFL Corporation Ltd. (NYSE: SFL) announced the acquisition of four Aframax LR2 product tankers for $160 million alongside long-term charters to a Trafigura subsidiary. The vessels, built in 2014-2015 with eco-design features, are set for delivery between December 2021 and February 2022. The charter period is a minimum of five years, contributing an additional $160 million to SFL's fixed-rate backlog. This deal demonstrates SFL's commitment to growth in the tanker market, adding over $1 billion to its charter backlog this year.