SFL Corporation Ltd
sflcorp.comWhat Do They Do?
Owns and charters vessels and offshore assets to shipping, maritime and offshore oil exploration and production companies.
20-F for FY2025, filed Mar 16, 2026We are an international ship owning and chartering company with a large and diverse asset base across the maritime, shipping and offshore…View ↗
Our primary objective is to continue to grow our business through accretive acquisitions across a diverse range of marine and offshore…View ↗
(2)Expand and diversify our customer relationships. We presently have over 10 customers, none of which are related parties, and intend to…View ↗
How Do They Make Money?
Charterers pay daily hire for time-chartered vessels, generally in advance for the next charter period; single-voyage customers pay freight upon completion of cargo discharge. Drilling contracts earn day-rate fees for services performed.
20-F for FY2025, filed Mar 16, 2026In a time charter voyage, the vessel is hired by the charterer for a specified period of time in exchange for consideration which is based…View ↗
In a voyage charter contract, the charterer hires the vessel to transport a specific agreed-upon cargo for a single voyage. The…View ↗
Consideration received for drilling contracts mainly comprises of dayrate drilling revenue which provide for payment on a dayrate basis…View ↗
$733M
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20-F for FY2025, filed Mar 16, 2026
$733M ↗
Who Are Their Customers?
Shipping companies, maritime operators and offshore oil exploration and production companies charter its vessels and rigs, usually under medium- to long-term agreements. Customers named include Maersk, MSC, ConocoPhillips and Volkswagen.
20-F for FY2025, filed Mar 16, 2026(2)Expand and diversify our customer relationships. We presently have over 10 customers, none of which are related parties, and intend to…View ↗
(3)Pursue medium to long-term fixed-rate charters. We pursue and intend to continue to pursue medium to long-term fixed rate charters…View ↗
As of March 16, 2026, our customers includes, among others, Maersk, MSC, ConocoPhillips Skandinavia AS, or ConocoPhillips, Phillips 66…View ↗
Do Revenues Turn Into Profits?
No. It lost $26.4M in FY2025.
20-F for FY2025, filed Mar 16, 2026
How Are They Changing?
Growing. Revenue grew 43% in 4 years, from $513.4M in FY2021 to $733M in FY2025, about 9% a year.
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