On Tuesday, August 18, 2020, ship leasing firm SFL Corporation (SFL) announced its 2020 earnings results. Perhaps surprisingly, the company managed to grow its revenues on a year-over-year basis and beat the expectations of its analysts in terms of top-line revenues. This would appear to be in direct defiance of the COVID-19 outbreak and the resulting global economic shut down. However, it is important to keep in mind that the company's business model is much more stable than that of many shipping companies and this gives it certain advantages in weathering through the