reports
SFL - First Quarter 2025 Results
SFL - First Quarter 2025 Results Preliminary Q1 2025 results and quarterly cash dividend of $0.27 per share Hamilton, Bermuda, May 14, 2025, SFL Corporation Ltd. (“SFL” or the “Company”) today announced its preliminary financial results for the quarter ended March 31, 2025. Highlights 85th consecutive quarterly dividend declared, $0.27 per shareNet loss of $31.9 million, or $0.24 per share in the first quarter, after impairments relating to older dry bulk vesselsReceived charter hire1 of $193.5 million in the quarter, including $1.5 million of profit shareAdjusted EBITDA2 of $108.0 m...
SFL – 2025 AGM Results Notification
SFL – 2025 AGM Results Notification SFL Corporation Ltd. (the “Company”) advises that the 2025 Annual General Meeting of the Shareholders of the Company was held on 8 May 2025 at 12:00 hrs at Hamilton Princess and Beach Club, 76 Pitts Bay Road, Hamilton HMCX, Bermuda. The audited consolidated financial statements for the Company for the year ended 31 December 2024 were presented to the Meeting. In addition, the following resolutions were passed: To set the maximum number of Directors to be not more than eight.To resolve that vacancies in the number of Directors be designated as casual vac...
SFL - Invitation to Presentation of Q1 2025 Results
SFL - Invitation to Presentation of Q1 2025 Results SFL Corporation Ltd. ("SFL" or the “Company”) (NYSE: SFL) plans to release its preliminary financial results for the first quarter of 2025 on Wednesday, May 14, 2025. SFL plans to host a conference call and webcast for all stakeholders and interested parties on Wednesday, May 14, 2025, at 10:00 AM (EST) / 4:00 PM (CET). Relevant material will on the same day be available from the Investor Relations section of the Company’s website at In order to listen to the conference call and presentation, you may do one of the following: A: Join Con...
- Jørgen Lian
Another abrupt change
The US Trade Representative on 17 April published revised US port fees with significant changes to the initial proposal based on industry feedback. In its current form, the fees will primarily discourage use of Chinese-controlled maritime trade services to the US, and directly affect the use of Chinese-built vessels in US ports (with several considerable exemptions to avoid harm to US trade). The previous broader fees based on fleet composition and share of Chinese-built vessels has been scrappe...
DHT DHT HOLDINGS INC.
SBL SAFE BULKERS INC.
LPG DORIAN LPG
GNK GENCO SHIPPING & TRADING LTD.
MAERSK B A.P. MOLLER - MAERSK A/S CLASS B
ODF ODFJELL ASA
WAWI WALLENIUS WILHELMSEN LOGISTICS ASA
WWI WILHELM WILHELMSEN HOLDING
SBLK STAR BULK CARRIERS CORP.
FRO FRONTLINE LTD.
G2O GOLAR LNG LIMITED
AMSC AMERICAN SHIPPING COMPANY ASA
SN6 STOLT-NIELSEN LTD.
BWLPG BW LPG LTD.
GOGLO GOLDEN OCEAN GROUP LTD
AVACF AVANCE GAS HOLDINGS LTD
HUNT HUNTER GROUP ASA
STNG SCORPIO TANKERS INC.
FLNG FLEX LNG LTD.
SFL SFL CORPORATION LIMITED
TNK TEEKAY TANKERS
2020 2020 BULKERS LTD
KCC KLAVENESS COMBINATION CARRIERS
EGLE EAGLE BULK SHIPPING
MPCC MPC CONTAINER SHIPS AS
HAUTO HOEGH AUTOLINERS ASA
WEST WESTERN BULK CHARTERING
HAFNI HAFNIA
COOL COOL COMPANY LTD.
HSHP HIMALAYA SHIPPING LTD.
SFL - Notice of Annual General Meeting 2025
SFL - Notice of Annual General Meeting 2025 SFL Corporation Ltd. (NYSE: SFL) (the “Company”) advises that the 2025 Annual General Meeting of the Company will be held on May 8, 2025. A copy of the Notice of Annual General Meeting and associated information including the Company’s 2024 Annual Report on Form 20-F can be found on the Company’s website at and in the attached links below. April 10, 2025 The Board of DirectorsSFL Corporation Ltd.Hamilton, Bermuda About SFL SFL has a unique track record in the maritime industry and has paid dividends every quarter since its initial listing on ...
SFL - Notice of Annual General Meeting 2025
SFL - Notice of Annual General Meeting 2025 SFL Corporation Ltd. (NYSE: SFL) (“SFL” or the “Company”) advises that the 2025 Annual General Meeting of the Company will be held on May 8, 2025. The record date for voting at the Annual General Meeting is set to April 4, 2025. A copy of the Notice of Annual General Meeting and associated information, including the Company’s Annual Report on Form 20-F, will be distributed and made available on the Company’s website at prior to the meeting. April 2, 2025 The Board of DirectorsSFL Corporation Ltd.Hamilton, Bermuda About SFL SFL has a unique tr...
SFL - Filing of Annual Report 2024 on form 20-F
SFL - Filing of Annual Report 2024 on form 20-F 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, 2024 (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, , or directly in the link below. The Annual Report is also available on the website of the Commission at . Shareholders may also receive a hard copy of the Annual Report, which includes the Company's complete 2024 audited financial s...
- Jørgen Lian
‘The times they are a-changin’
The recurring theme at our 18th Energy & Shipping Conference was geopolitical uncertainty and a potential trade war, warranting a wait-and-see approach, particularly on the Trump 2.0 effect. The consensus view pointed to high asset values, with no rush to the yards, aligning with below-NAV valuations across most of our coverage. However, panellists generally saw less downside risk than the 25% average discount to steel for our Tanker, Dry Bulk and Gas coverage. Overall, the day highlighted uncer...
DHT DHT HOLDINGS INC.
SBL SAFE BULKERS INC.
LPG DORIAN LPG
GNK GENCO SHIPPING & TRADING LTD.
MAERSK B A.P. MOLLER - MAERSK A/S CLASS B
ODF ODFJELL ASA
WAWI WALLENIUS WILHELMSEN LOGISTICS ASA
WWI WILHELM WILHELMSEN HOLDING
SBLK STAR BULK CARRIERS CORP.
FRO FRONTLINE LTD.
G2O GOLAR LNG LIMITED
AMSC AMERICAN SHIPPING COMPANY ASA
SN6 STOLT-NIELSEN LTD.
BWLPG BW LPG LTD.
GOGLO GOLDEN OCEAN GROUP LTD
AVACF AVANCE GAS HOLDINGS LTD
HUNT HUNTER GROUP ASA
STNG SCORPIO TANKERS INC.
FLNG FLEX LNG LTD.
SFL SFL CORPORATION LIMITED
TNK TEEKAY TANKERS
2020 2020 BULKERS LTD
KCC KLAVENESS COMBINATION CARRIERS
EGLE EAGLE BULK SHIPPING
MPCC MPC CONTAINER SHIPS AS
HAUTO HOEGH AUTOLINERS ASA
WEST WESTERN BULK CHARTERING
HAFNI HAFNIA
COOL COOL COMPANY LTD.
HSHP HIMALAYA SHIPPING LTD.
- Jørgen Lian
SFL Corporation Ltd (Hold, TP: USD10.80) - Scales balanced on risk/re...
We see utilisation risk for Hercules potentially limiting quarterly DPS to cUSD0.15 on a cUSD30m annual cash burn, while we believe asset monetisation to cover the outstanding debt or realising a 70% utilisation on current market rates should defend the DPS. Coupled with a USD4.3bn backlog for a diverse asset mix against solid counterparties, we believe the risk is balanced. We reiterate our HOLD and USD10.8 target price.
SFL – Ruling from Oslo District Court in the Seadrill Legal Case
SFL – Ruling from Oslo District Court in the Seadrill Legal Case SFL Corporation Ltd. ("SFL" or the “Company”) (NYSE: SFL) today received the ruling delivered by the Oslo District Court regarding the legal case between SFL’s rig-owning subsidiary and subsidiaries of Seadrill Ltd. (“Seadrill”) following the redelivery of the drilling rig Hercules to SFL in December 2022. The court today issued a judgment in favor of SFL’s subsidiary where certain subsidiaries of Seadrill were ordered to pay SFL an amount equivalent to a total of approximately $48 million in compensation, including late pay...
SFL - Invitation to Presentation of Q4 2024 Results
SFL - Invitation to Presentation of Q4 2024 Results SFL Corporation Ltd. ("SFL" or the “Company”) (NYSE: SFL) plans to release its preliminary financial results for the fourth quarter of 2024 on Wednesday, February 12, 2025. SFL plans to host a conference call and webcast for all stakeholders and interested parties on Wednesday, February 12, 2025, at 10:00 AM (EST) / 4:00 PM (CET). Relevant material will on the same day be available from the Investor Relations section of the Company’s website at In order to listen to the conference call and presentation, you may do one of the following: ...
- Jørgen Lian
DHT DHT HOLDINGS INC.
SBL SAFE BULKERS INC.
LPG DORIAN LPG
GNK GENCO SHIPPING & TRADING LTD.
MAERSK B A.P. MOLLER - MAERSK A/S CLASS B
ODF ODFJELL ASA
WAWI WALLENIUS WILHELMSEN LOGISTICS ASA
WWI WILHELM WILHELMSEN HOLDING
SBLK STAR BULK CARRIERS CORP.
FRO FRONTLINE LTD.
G2O GOLAR LNG LIMITED
AMSC AMERICAN SHIPPING COMPANY ASA
SN6 STOLT-NIELSEN LTD.
BWLPG BW LPG LTD.
GOGLO GOLDEN OCEAN GROUP LTD
AVACF AVANCE GAS HOLDINGS LTD
HUNT HUNTER GROUP ASA
STNG SCORPIO TANKERS INC.
FLNG FLEX LNG LTD.
SFL SFL CORPORATION LIMITED
TNK TEEKAY TANKERS
2020 2020 BULKERS LTD
KCC KLAVENESS COMBINATION CARRIERS
EGLE EAGLE BULK SHIPPING
MPCC MPC CONTAINER SHIPS AS
HAUTO HOEGH AUTOLINERS ASA
WEST WESTERN BULK CHARTERING
HAFNI HAFNIA
COOL COOL COMPANY LTD.
HSHP HIMALAYA SHIPPING LTD.
SFL - Successful Placement of 5-year Senior Unsecured Sustainability-L...
SFL - Successful Placement of 5-year Senior Unsecured Sustainability-Linked Bonds SFL Corporation Ltd. (NYSE: SFL) (the "Company" or "SFL") today successfully placed USD 150 million senior unsecured sustainability-linked bonds due January 29, 2030. The bonds will pay a quarterly coupon of 7.75 % per annum and be issued at a price of 99.50%. Net proceeds from the bond issuance will intendedly be used for general corporate purposes. Arctic Securities, Fearnley Securities, Pareto Securities and SEB acted as Joint Bookrunners in the placement of the bond offering. ABN Amro and SMBC acted as ...
SFL - Fixed Income Investor Meetings
SFL - Fixed Income Investor Meetings SFL Corporation Ltd. (NYSE: SFL) (the "Company" or "SFL") has engaged Arctic Securities, Fearnley Securities, Pareto Securities and SEB to arrange a series of fixed income investor meetings commencing today, January 9th. A USD denominated senior unsecured sustainability-linked bond offering may follow, subject to, inter alia, market conditions. Net proceeds from any contemplated bond issuance will intendedly be used for general corporate purposes. January 9, 2025 The Board of DirectorsSFL Corporation Ltd.Hamilton, BermudaInvestor and Analyst Contact...
- Jørgen Lian
SFL Corporation Ltd (Hold, TP: USD10.80) - Risk/reward points to fair...
We see the current DPS capacity supported by a solid contract backlog with strong counterparties, with further build potential, as shown by the >USD2bn added YTD. However, as Hercules ended its employment, we see utilisation risk, with an idle rig leaving ~USD30m annual cash burn. However, we model a sustained USD0.27 DPS, assuming 70% utilisation at current rates, or alternatively the asset being divested to clear outstanding debt. Hence, we believe the operational risk is balanced by possible ...
SFL - Third Quarter 2024 Results
SFL - Third Quarter 2024 Results Preliminary Q3 2024 results and quarterly cash dividend to $0.27 per share Hamilton, Bermuda, November 6, 2024, SFL Corporation Ltd. (“SFL” or the “Company”) today announced its preliminary financial results for the quarter ended September 30, 2024. Highlights 83rd consecutive quarterly dividend declared, $0.27 per shareNet profit of $44.5 million, or $0.34 per share in the third quarterReceived charter hire1 of $263.2 million in the quarter, including $4.2 million of profit shareAdjusted EBITDA2 of $158.8 million from consolidated subsidiaries, plus ...
SFL - Invitation to Presentation of Q3 2024 Results
SFL - Invitation to Presentation of Q3 2024 Results SFL Corporation Ltd. ("SFL" or the “Company”) (NYSE: SFL) plans to release its preliminary financial results for the third quarter of 2024 on Wednesday, November 06, 2024. SFL plans to host a conference call and webcast for all stakeholders and interested parties on Wednesday, November 06, 2024, at 10:00 AM (EST) / 4:00 PM (CET). Relevant material will on the same day be available from the Investor Relations section of the Company’s website at In order to listen to the conference call and presentation, you may do one of the followin...
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