Ship Finance

SFL Corp. Ltd. engages in the ownership and operation of vessels and offshore related assets. It is also involved in the charter, purchase, and sale of assets. The firm operates through subsidiaries located in Bermuda, Cyprus, Malta, Liberia, Norway, the United Kingdom, and the Marshall Islands. The company was founded on October 10, 2003 and is headquartered in Hamilton, Bermuda.

Earnings data Q1 2024

SFL Corporation reports strong Q1 earnings and secures significant contracts

SFL Corporation delivered robust financial results and bolstered its charter backlog through strategic contract extensions and new agreements. While the company showcased financial strength and commitment to shareholder value, questions around certain segments and cost considerations were raised, highlighting potential areas for further scrutiny and management focus.

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SFL Corporation Ltd. (NYSE: SFL) (“SFL” or the “Company”) today announced that it has agreed to acquire two LNG dual-fuel 33,000 dwt chemical carriers. The vessels are built in 2022/2023 and fitted with stainless steel cargo tanks, and the aggregate purchase price is approximately $114 million. SFL has arranged long term employment for the vessels with affiliates of Stolt Tankers, a subsidiary of the world-leading chemical logistics company Stolt-Nielsen Limited (“Stolt-Nielsen”).

SFL - Acquisition of two LNG dual-fuel chemical carriers in combination with long term employment

SFL Corporation Ltd. (NYSE: SFL) ("SFL" or the "Company") has today notified Nordic Trustee AS that it will exercise the call option to redeem all outstanding bonds under its senior secured bond issue 2019/2024 with ISIN NO0010853609.

SFL - Notice of exercise of call option

SFL Corporation Ltd. has had a significant increase in stock price over the past year and offers a yield of over 8%. The company has a diverse fleet with well-known charterers, including Maersk and Hapag-Lloyd. SFL's earnings in Q4 '23 showed growth in revenue, EPS, and Adjusted EBITDA, but a decrease in net income due to one-off items.

SFL Corporation: Outperforming 8%-Yielding Shipping Stock

TORONTO--(BUSINESS WIRE)-- #microsatellites--Space Flight Laboratory (SFL) confirmed that six radio frequency geolocation microsatellites developed for HawkEye 360 of Herndon, Va., have successfully communicated with ground control. The HawkEye 360 Cluster 8 and 9 satellites were launched yesterday at 7:16 pm EDT from Florida aboard the SpaceX Bandwagon-1 Rideshare. The two new three-satellite clusters bring to 27 the total number of geolocation microsatellites developed by SFL for HawkEye 360, which integrated C.

Space Flight Laboratory (SFL) Confirms Successful Deployment of HawkEye 360 Microsatellite Clusters 8 and 9

SFL Corporation Ltd. (NYSE: SFL) (the “Company”) advises that the 2024 Annual General Meeting of the Company will be held on April 29, 2024. A copy of the Notice of Annual General Meeting and associated information including the Company's 2023 Annual Report on Form 20-F can be found on the Company's website at www.sflcorp.com and in the attached links below.

SFL - Notice of Annual General Meeting 2024

SFL Corporation Ltd. (NYSE: SFL) ("SFL" or the "Company") today successfully placed USD 150 million senior unsecured sustainability-linked bonds due April 19, 2028. The bonds will pay a coupon of 8.25% per annum, and net proceeds will be used to refinance existing bonds and for general corporate purposes. An application will be made for the bonds to be listed on the Oslo Stock Exchange.

SFL - Successful placement of 4-year sustainability-linked bonds

SFL Corporation Ltd. (the "Company" or "SFL") announced today that it has engaged Arctic Securities and DNB Markets to arrange a series of fixed income investor meetings commencing today, Tuesday, April 2. A USD denominated senior unsecured bond issue may follow, subject to, inter alia, market conditions. Net proceeds from a bond issue will be used for general corporate purposes.

SFL - Fixed Income Investor Meetings

SFL Corporation Ltd. (NYSE: SFL) (“SFL” or the “Company”) announced today that it has agreed to acquire three new LR2 product tankers for an aggregate purchase price of approximately $230 million in combination with long term time charters to a world-leading energy and commodities company.

SFL - Acquisition of three newbuild LR2 product tankers in combination with long term charters

SFL Corporation Ltd. (NYSE: SFL) (“SFL” or the "Company") announces that its annual report on Form 20-F for the financial year ended December 31, 2023 (the "Annual Report") has been filed with the U.S. Securities and Exchange Commission (the "Commission"). The Annual Report may be accessed through SFL's website, www.sflcorp.com, or directly in the link below. The Annual Report is also available on the website of the Commission at www.sec.gov.

SFL - Filing of Annual Report 2023 on form 20-F

SFL Corporation Ltd. (SFL) Q4 2023 Earnings Call Transcript

Preliminary Q4 2023 results and increased quarterly cash dividend to $0.26 per share Hamilton, Bermuda, February 14, 2024. SFL Corporation Ltd.

SFL - Fourth Quarter 2023 Results

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act SFL Corporation Ltd. ("SFL" or the “Company”) (NYSE: SFL) plans to release its preliminary financial results for the fourth quarter of 2023 on Wednesday, February 14, 2024.

SFL - Invitation to Presentation of Q4 2023 Results

SFL Corporation has seen a 50% total return in the past eight months. The company's focus on long-term charters in the maritime shipping industry is a key reason for investment. SFL's chartering activities in 2024 include renewing or re-chartering nine containerships.

SFL Corporation On Auto-Pilot In Our Portfolio

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The company operates in various maritime, shipping, and offshore sectors, including: Oil transportation Dry bulk shipments Chemical transportation Oil products transportation Container transportation Car transportation Drilling rigs As of December 31, 2022, the company owned: Ten crude oil tankers 15 dry bulk carriers 32 container vessels Three car carriers One jack-up drilling rig, One ultra-deepwater drilling unit Two chemical tankers Six oil product tankers It primarily operates in Bermuda, Cyprus, Liberia, Norway, Singapore, the United Kingdom, and the Marshall Islands.

5 Small-Cap Stocks That Pay Huge Ultra-Yield Dividends

SFL Corporation has multiple tailwinds in both the car-carrying and offshore drilling segments. These tailwinds will drive over 30% growth in EBITDA, which should flow back to investors through increased dividends. I conservatively project a quarterly dividend raise from $0.25/share to $0.33/share over the course of 2024.

SFL: Start 2024 With 30% Returns For This Undervalued Shipper

Shares of SFL Corporation have experienced a significant rebound since my previous update, notably outperforming the overall market. The company's robust contracted revenue backlog of $3.4 billion provides predictable cash flows, shielding the company from each asset class' rate volatility. The stock's yield has dipped to 8.8% due to the rally, yet it remains highly attractive given SFL's prospects for sustained dividend growth.

8.8%-Yielding SFL Corporation Has More Dividend Hikes In Store

SFL Corporation Ltd. (NYSE:SFL ) Q3 2023 Earnings Conference Call November 8, 2023 8:30 AM ET Company Participants Ole Hjertaker - Chief Executive Officer Trym Sjølie - Chief Operating Officer Aksel Olesen - Chief Financial Officer Conference Call Participants Richard Diamond - Castlewood Capital Unidentified Company Representative Welcome to SFL's Third Quarter 2023 Conference Call.

SFL Corporation Ltd. (SFL) Q3 2023 Earnings Call Transcript

Please find enclosed the presentation of the preliminary third quarter results to be held November 8, 2023, in the link below. In conjunction with the quarterly results presentation, SFL Corporation Ltd.

SFL - Third Quarter 2023 Results Presentation

Preliminary Q3 2023 results and increased quarterly cash dividend to $0.25 per share Hamilton, Bermuda, November 8, 2023. SFL Corporation Ltd.

SFL - Third Quarter 2023 Results

SFL Corporation Ltd. focuses on long-term charters in the marine shipping industry, providing visibility into future cash flows. The company has a strong customer base of blue-chip companies and expects increased earnings from new assets in the coming quarters. SFL paid its 78th consecutive quarterly dividend and has a high dividend yield compared to the industry average.

SFL Corporation: 9% Yield, Stronger Earnings Ahead

With dayrates for offshore drilling rigs approaching decade-highs, the company's much-scrutinized offshore drilling exposure has turned into a major tailwind as of late. Consequently, the company's semi-submersible rig Hercules is expected to contribute approximately $100 million in Adjusted EBITDA over the next 12 months. In addition, SFL stands to benefit from the recent rally in charter rates for car carriers after chartering two vintage carriers to Volkswagen at vastly improved terms.

SFL Corporation: Buy On Prospects For Major Dividend Hike

SFL has a two-decade track record of substantial dividends and traded between $15-$20 range for much of the 2010s, but offshore and COVID woes drove several dividend cuts from 2017-2020. SFL has now completely turned around. Its balance sheet is the strongest in company history, asset quality is top-notch, and the previously beleaguered offshore assets are now seeing strong tailwinds. A handful of recent contracts (Hercules rig and car carriers) will more than double excess free cash flow into 2024.

SFL Corporation: Return Of The Income Juggernaut, Notable Upside Ahead

SFL Corporation Ltd. (NYSE:SFL ) Q2 2023 Earnings Conference Call August 17, 2023 10:00 AM ET Company Participants Marius Furuly - Vice President, Finance & Investor Relations Ole Hjertaker - Chief Executive Officer Trym Otto Sjølie - Chief Operating Officer Aksel Olesen - Chief Financial Officer Conference Call Participants Richard Diamond - Castlewood Capital Climent Molins - Value Investor's Edge Chris Wetherbee - Citi Marius Furuly Welcome to SFL's Second Quarter 2023 Conference Call.

SFL Corporation Ltd. (SFL) Q2 2023 Earnings Call Transcript

Preliminary Q 2 202 3 results and quarterly cash dividend of $0.24 per share

SFL - Second Quarter 2023 Results

SFL Corporation is a ship leasing firm with a diversified fleet and is controlled by experienced owner John Frederiksen. The company generates cash flow from long-term ship leasing contracts with reputable clients. SFL is currently trading at an attractive dividend yield and a lower than typical valuation, making it an appealing investment option.

News for Ship Finance Stock (SFL)