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SFL Corp Ltd.Bullish
SFL Corporation has won its legal dispute against Seadrill regarding the redelivery of the drilling rig Hercules, with the Borgarting Court of Appeal ordering Seadrill to pay approximately NOK 525 million (about $55 million). This judgment largely upholds the February 2025 ruling from the Oslo District Court, and SFL has been awarded full legal costs for the proceedings.…more
SFL Corp Ltd.
SFL Corporation has agreed to sell four LR2 product tankers and three Suezmax tankers to Trafigura. The transaction is expected to generate approximately $275 million in net cash proceeds and an aggregate book gain of approximately $175 million, with vessel deliveries scheduled between Q4 2026 and Q1 2027.…more
SFL Corp Ltd.
SFL Corporation has agreed to build two 93,000 cbm Very Large Ammonia Carriers with a total construction cost of approximately $216 million. Concurrently, the company secured long-term time charters with a European investment-grade oil major, adding at least $162 million to its fixed-rate charter backlog.…more
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SFL Wins Appeal in Legal Dispute Against Seadrill
SFL has won its appeal against Seadrill regarding a rig redelivery dispute, securing approximately $55 million in compensation. This ruling upholds the previous district court decision, providing a favorable financial outcome for the company.…more
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SFL Corporation announced the sale of seven tankers, expecting approximately $275 million in net cash proceeds and a $175 million book gain. The company plans to reinvest these funds into new accretive investments to support long-term distribution capacity.…more
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SFL Corporation has ordered two 93,000 cbm ammonia carriers for approximately $216 million, scheduled for delivery in 2028. The company also secured long-term time charters with a major energy firm, adding at least $162 million to its fixed-rate backlog.…more
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