- SFL Corporation's results show signs that the shipping industry is recovering from the effects of the pandemic.
- The company managed to secure a new contract for several of its container ships which significantly increases contract backlog and revenue visibility.
- The company sold a few vessels, which will give it a $14 million gain on sale in the second quarter.
- The company's rigs will now be managed by a new entity, although one of them may prove to be a drag on the company in a few quarters.
- SFL appears to be struggling with affording its dividend so the 7.94% yield might not be sustainable.
For further details see:
SFL Corporation: Returning To A Position Of Strength