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SFL Corp Posts Record Quarter as Tanker Rates Surge

SFL Corp logoSFL Corp
Sig3.20Sen+7.10Env+0.80Soc0.00Gov+1.80

SFL posted Q2 net income of $34 million and $0.25 per share, alongside a 90th straight quarterly dividend of $0.22. After freeing vessels from a $30,000/day charter, spot earnings jumped from $54,000 to $133,000 per day. The company added $83 million in backlog with new three-year charters and ordered dual-fuel newbuildings for about $360 million, supporting an upbeat outlook.

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