Welcome to our dedicated page for SFL Corporation Ltd. news (Ticker: SFL), a resource for investors and traders seeking the latest updates and insights on SFL Corporation Ltd. stock.
SFL Corporation Ltd. (NYSE: SFL) is an international ship owning and chartering company based in Hamilton, Bermuda. Founded in 2003, the company specializes in the ownership, operation, and chartering out of vessels and offshore-related assets on medium and long-term charters. SFL is also involved in the charter, purchase, and sale of assets, operating across various sectors of the shipping and offshore industry.
SFL's diverse fleet includes oil tankers, chemical tankers, oil product tankers, dry bulk vessels, container ships, car carriers, drilling rigs, and offshore support vessels. As of December 31, 2019, the company had a fleet of 81 vessels and rigs. The vessels are predominantly double-hull types, ensuring safety and compliance with international maritime standards.
The company's operations span globally, including regions such as Bermuda, Cyprus, Malta, Liberia, Norway, the United Kingdom, and the Marshall Islands. Notably, SFL changed its name from Ship Finance International Limited to SFL Corporation Ltd. in September 2019, reflecting its broader scope and strategic direction.
Recent achievements highlight SFL's ongoing growth and strategic investments. The company announced the acquisition of two LNG dual-fuel 33,000 dwt chemical carriers, built in 2022/2023 and fitted with stainless steel cargo tanks. The purchase price of these vessels is approximately $114 million, and they will be long-term chartered to affiliates of Stolt Tankers, a subsidiary of Stolt-Nielsen Limited.
Financial Performance and Partnerships
SFL Corporation Ltd. has a track record of paying dividends every quarter since its initial listing on the New York Stock Exchange in 2004. The company's financial strength is underpinned by long-term charters and steady growth in asset base, supporting its distribution capacity.
In its preliminary Q4 2023 results, SFL announced an increased quarterly cash dividend to $0.26 per share, demonstrating its commitment to shareholder returns. The company has also notified Nordic Trustee AS of its intention to redeem all outstanding bonds under its senior secured bond issue 2019/2024.
Looking forward, SFL remains focused on enhancing its fleet's efficiency and environmental performance, while expanding its market presence through strategic acquisitions and partnerships. The company's robust financial condition and diversified portfolio position it to navigate market fluctuations and capitalize on emerging opportunities in the maritime industry.
SFL Corporation Ltd. announced its preliminary Q1 2021 results, reporting operating revenue of approximately $109.1 million and a net profit of $31.5 million. The company declared its 69th consecutive quarterly dividend of $0.15 per share, payable on June 29, 2021. Significant charter hire revenue reached around $135 million, including $2.6 million in profit share. SFL also secured agreements to acquire a new vessel and build dual-fuel carriers, bolstering a $2.4 billion fixed-rate charter backlog.
SFL Corporation Ltd. (NYSE: SFL) has secured a contract with a leading European automaker to charter two new dual-fuel car carriers for ten years, adding over $200 million to its fixed-rate charter backlog. This agreement includes utilizing current vessels until delivery of the new ones, which will be built in China. The firm is focusing on eco-friendly solutions by aiming to use bio-fuel for existing ships. With this deal, SFL's charter backlog will exceed $2.4 billion, reflecting its strategy to invest in sustainable shipping assets.
SFL Corporation Ltd. (NYSE: SFL) has announced that its 2021 Annual General Meeting will take place on May 26, 2021. The notice and related documents, including the Annual Report on Form 20-F, are accessible on the Company’s website. SFL boasts a strong maritime industry presence, having consistently paid dividends quarterly since its NYSE listing in 2004. The Company operates a diverse fleet of over 80 vessels, encompassing tankers, bulkers, container vessels, and offshore drilling rigs, underpinned by long-term charters and a growing asset base.
SFL Corporation Ltd. (NYSE: SFL) will hold its 2021 Annual General Meeting on May 26, 2021. The record date for voting is set for April 9, 2021. The notice and agenda will be distributed prior to the meeting. SFL has maintained a strong track record in the maritime industry, paying dividends every quarter since its NYSE listing in 2004 and operating a fleet of over 80 vessels. The company emphasizes its growth potential and stability through long-term charters.
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.
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