John Fredriksen-backed New York-listed tonnage provider SFL Corporation Ltd (SFL) CEO Ole Hjertaker elucidates that their enterprise’s scope extends beyond mere scrutiny of fleeting market trends. John Fredriksen’s esteemed leaseback entity, FL Corporation Ltd (SFL), underscores the vitality of a decade-long perspective in delineating its financial allocations. During a symposium dialogue, SFL Corporation Ltd (SFL) CEO Ole Hjertaker conveyed his persistent impartiality regarding the acquisition of new maritime assets. 23-August-2023
John Fredriksen-backed New York-listed tonnage provider SFL Corporation Ltd (SFL) has meticulously refurbished its drilling rig in anticipation of a promising contract, thus registering a profit for the second quarter. For the 78th successive quarter, Bermuda-registered New York-listed SFL Corporation Ltd (SFL) remains a stalwart in the maritime leasing domain. The resurgence of offshore exploration coupled with heightened production activities has infused CEO Ole Hjertaker-led Bermuda-registered SFL Corporation Ltd (SFL) with renewed optimism, fortifying its cash influx commencing this quarter. While the second quarter witnessed standard operations for the Fredriksen-endorsed leasing firm, recent agreements inked for its drilling apparatuses have augmented its contract backlog by an impressive $200 million. 17-August-2023
John Fredriksen-backed New York-listed tonnage provider SFL Corporation Ltd (SFL) reported that the company placed a $150 million sustainability-linked unsecured bond due in 2027. $150 million is anticipated to refinance existing debt or general corporate purposes. Bermuda-registered New York-listed SFL Corporation Ltd (SFL) declared the arrangement just days after commencing talks with fixed-income investors. CEO Ole Hjertaker-led Bermuda-registered New York-listed SFL Corporation Ltd (SFL) approved bond comes with a coupon of 8.875% and will be issued at a price of 99.58%. Lately, John Fredriksen-backed New York-listed tonnage provider SFL Corporation Ltd (SFL) arranged series of conferences with investors. 19-January-2023
John Fredriksen-backed New York-listed tonnage provider SFL Corporation Ltd (SFL) has bought two container ships for charter to Maersk and a car carrier. Bermuda-registered New York-listed SFL Corporation Ltd (SFL) has the financial firepower to seek more investments. SFL Corporation Ltd (SFL) has a bunch of cash to spare for new ship investments. At the end of Q3 2022, CEO Ole Hjertaker-led Bermuda-registered New York-listed SFL Corporation Ltd (SFL) $179 million of cash and cash equivalents. New York-listed tonnage provider SFL Corporation Ltd (SFL) is a sale and leaseback specialist. Recently, SFL Corporation Ltd (SFL) closes in on $144 million in suezmax tanker financing. John Fredriksen-backed New York-listed tonnage provider SFL Corporation Ltd’s (SFL) fleet has allowed the company to do numerous replication dealings with several shipping industry-leading counterparties. 16-November-2022
Bermuda-registered New York-listed SFL Corporation Ltd (SFL) acknowledges that undiversified shipowners are programmed to go bankrupt. New York-listed tonnage provider SFL Corporation Ltd (SFL) accomplishes business in diverse segments to avoid creating sudden acquisitions when banks are eager to lend capital. CEO Ole Hjertaker-led Bermuda-registered New York-listed SFL Corporation Ltd (SFL) believes that the shipowners with fleets that are concentrating on one segment do not have a promising future ahead of them. Unfortunately, preponderance of New York-listed shipping giants are undiversifed shipowners. These undiversifed shipowners are doomed financially because they usually acquire the wrong vessels when banks are most inclined to finance investments. 19-August-2022
Bermuda-registered New York-listed SFL Corporation Ltd (SFL) sold handysize bulk carriers for a total of $100 million to CDB Leasing (China Development Bank Financial Leasing. Hong Kong-listed CDB Leasing (China Development Bank Financial Leasing) confirmed in a regulatory filing that the company acquired SFL Corporation Ltd. (SFL) controlled handysize bulk carriers:
2013 built handysize bulk carrier 31K DWT MV SFL Dee
2012 built handysize bulk carrier 31K DWT MV SFL Clyde
2012 built handysize bulk carrier 33K DWT MV SFL Kent
2012 built handysize bulk carrier 34K DWT MV SFL Trent
2012 built handysize bulk carrier 31K DWT MV SFL Tyne
2011 built handysize bulk carrier 31K DWT MV SFL Medway
2011 built handysize bulk carrier 34K DWT MV SFL Medway
CDB Leasing (China Development Bank Financial Leasing) is going to take the delivery of handy bulk carriers at the end of 2021. CDB Leasing (China Development Bank Financial Leasing) will finance the ships with cash and commercial bank loans. Freight rates for handysize bulk ships have increased due to robust demand for commodities, port congestions. SFL Corporation Ltd. (SFL) employed handy bulk carriers at the spot market. Ole B Hjertaker-led SFL Corporation Ltd. (SFL) thinks this is a great time for the sale of handy bulk carriers. Currently, CDB Leasing (China Development Bank Financial Leasing) controls around 110 ships. 14-September-2021