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 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.
SFL Corporation Ltd. (NYSE: SFL) announced the acquisition of two eco-design feeder container vessels with long-term charters to a European liner company. The vessels are expected to be delivered in Q3 and Q4 2022, contributing approximately $120 million to the fixed rate charter backlog and around $13 million in annual EBITDA. This acquisition reflects SFL's strategy to expand its fleet while ensuring immediate cash flow. CEO Ole B. Hjertaker emphasized the transaction's attractiveness due to the investment-grade counterpart and favorable terms for reducing asset exposure.
The upcoming second quarter results presentation for SFL is scheduled for August 17, 2022. The presentation will provide preliminary financial insights as the company continues to assess market conditions and performance metrics.
For more detailed information, stakeholders can access the SFL - Second Quarter 2022 Results Presentation.
SFL Corporation Ltd. reported preliminary financial results for Q2 2022, showcasing a net profit of $57.4 million or $0.45 per share. This marks the 74th consecutive quarterly dividend declared at $0.23 per share, to be paid on September 29. The company earned $164.9 million in charter hire, including $5.2 million from profit sharing. SFL completed the sale of two VLCCs and a feeder containership, yielding a $13.2 million book gain. They also agreed to acquire four Suezmax tankers under a six-year charter with Koch Industries.
SFL Corporation Ltd. (SFL) has announced the acquisition of four modern Suezmax tankers for a total purchase price of $222.5 million. The vessels, built between 2015 and 2020, feature eco-design enhancements and will be delivered from August to October. They come with six-year time charters to a Koch Industries subsidiary, projected to add about $250 million to SFL’s backlog. The charter includes options for early termination and profit-sharing from vessel sales. This strategic move is aimed at expanding SFL's market presence and leveraging a favorable market cycle.
SFL Corporation Ltd. (NYSE: SFL) will announce its preliminary financial results for Q2 2022 on August 17, 2022. A conference call and webcast for stakeholders is set for 10:00 AM (EST) that same day. Interested parties can access materials on the Investor Relations section of SFL's website. The call will feature a Q&A session, and a replay will be available afterward. SFL has a strong maritime industry presence, having paid dividends quarterly since its NYSE listing in 2004. Further information is accessible at www.sflcorp.com.
SFL Corporation Ltd. (NYSE: SFL) announced its 2022 Annual General Meeting (AGM) to be held on September 30, 2022, with a record date for voting set on August 19, 2022. The Notice of AGM and the Company’s Annual Report on Form 20-F will be accessible on the Company’s website before the meeting. SFL has maintained a consistent quarterly dividend since its NYSE listing in 2004, supported by a diverse fleet including container vessels, car carriers, and offshore drilling rigs. Detailed information can be found at www.sflcorp.com.
SFL Corporation Ltd. (NYSE: SFL) has appointed Mr. Will Homan-Russell as a Director. Homan-Russell brings extensive maritime investment experience, currently serving as Chief Investment Officer at WMC Capital Ltd. He co-founded the Albemarle Shipping Fund and previously worked at Tufton Oceanic Limited from 2003 to 2018. His academic background includes an MA in Mathematics from Oxford University and an MSc in Finance from London Business School. SFL has paid dividends quarterly since its NYSE listing in 2004 and operates a diverse fleet supported by long-term charters.