SFL Corporation Ltd. is a maritime and offshore asset owner and operator that charters vessels and drilling equipment to third-party operators on medium and long-term contracts. The company does not operate vessels directly but instead generates revenue by leasing its owned fleet to shipping companies and offshore service providers across multiple maritime sectors.
The company's fleet comprises 71 vessels and drilling assets as of December 31, 2024, distributed across six primary segments: oil tankers (18 vessels), dry bulk carriers (15 vessels), container ships (29 vessels), car carriers (7 vessels), and drilling rigs (2 units). This diversification across vessel types and cargo types—including crude oil, refined products, bulk commodities, containerized goods, and automobiles—allows the company to serve multiple end-markets within the shipping industry. Revenue is generated through long-term charter agreements that typically provide stable, contracted cash flows rather than exposure to spot market volatility.
Headquartered in Hamilton, Bermuda, SFL maintains a global operational footprint spanning nine jurisdictions, including major maritime hubs in Singapore, Cyprus, and the United Kingdom, alongside offices in Canada and Norway. The company was incorporated in 2003 and operates under Bermuda incorporation, a common structure for international shipping companies seeking tax efficiency and regulatory alignment with global maritime practices.
No 10-K filings found.