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Ship Finance International Limited (SFL)

- NYSE
  • Wed, Aug. 26, 8:48 AM
    • Ship Finance (NYSE:SFL) declares $0.44/share quarterly dividend, 2.3% increase from prior dividend of $0.43.
    • Forward yield 11.81%
    • Payable Sept. 30; for shareholders of record Sept. 14; ex-div Sept. 10.
    | Wed, Aug. 26, 8:48 AM | 2 Comments
  • Wed, Aug. 26, 8:48 AM
    • Ship Finance (NYSE:SFL): Q2 EPS of $0.56 beats by $0.16.
    • Revenue of $92.03M (+26.1% Y/Y) misses by $2.47M.
    • Press Release
    | Wed, Aug. 26, 8:48 AM | Comment!
  • Tue, Jul. 21, 10:32 AM
    • The crash in oil prices is good for business for operators of the supertankers capable of hauling more than 2M barrels of crude around the world, such as Frontline (FRO +9.1%), Teekay Tankers (TNK +4.2%), Nordic American (NAT +2.6%), DHT Holdings (DHT +2.4%) and Euronav (EURN +1.5%), whose stocks have been moving up in recent weeks.
    • The oil market rout that started in 2014 is a boon that could allow the companies to reduce debt, invest in new vessels and reward shareholders that have stuck with them through some very lean years, FT reports.
    • Since the start of the year, the cost of hiring a VLCC has jumped more than 50%, with the rate for shipping oil from Saudi Arabia to Japan - the benchmark supertanker route - rising to $93.6K/day, a seven-year seasonal high.
    • The supply of supertankers also has fallen sharply since 2008.
    • Other related tickers: GLNG, GNRT, SFL, NAO, ASC, TOO, TK, TGP
    | Tue, Jul. 21, 10:32 AM | 29 Comments
  • Fri, Jul. 10, 10:33 AM
    • Notable movers in the shipping sector include DryShips (DRYS +3.1%), Danaois (DAC +5.6%), and Paragon Shipping (PRGN +1.6%).
    • Some names in the volatile sector has been trading off of developments in Greece even with many of the Greece-based companies deriving nearly all their revenue outside the nation.
    • On a broader look, the Baltic Dry Index is +21 to 874. The breakdown shows the Cape index is 1279 with a spot price of 9612 vs. 11,149 a year ago, the Panamax index is 1052 with a spot price of  8380 vs. 5432 a year ago, and the Supramax index is 767 with a spot price of 8021 vs. 7099 a year ago.
    • The Baltic Tanker Clean Index is 837 vs. 521 a year ago and the Baltic Dirty Index is 857 vs. 786 a year ago.
    • The Guggenheim Shipping ETF (NYSEARCA:SEA) is +1.43% on the day and -4.12% YTD.
    • Related stocks: TNK, EURN, TGP, NMM, SSW, SFL, TK, SMM, TOO, GMLP, DHT, NM, MATX, NAT, FREE, DSX, SB, FRO.
    | Fri, Jul. 10, 10:33 AM | 12 Comments
  • Fri, May 29, 6:18 PM
    • Ship Finance International (NYSE:SFL) surged 6.6% in today's trade after amending its long-term charter agreement with Frontline (NYSE:FRO), whose shares plunged 15.7%.
    • FRO says the renegotiated relationship strengths its balance sheet, but the market reacted as if it was a one-sided deal in favor of SFL, which boosted its share of profits generated by the partnership, reduced its long-term base rates, and received 55M FRO shares to gain a 27.7% stake in the company.
    • Otherwise, FRO reported Q1 earnings that easily beat expectations.
    | Fri, May 29, 6:18 PM | 20 Comments
  • Fri, May 29, 8:51 AM
    • Ship Finance (NYSE:SFL) declares $0.43/share quarterly dividend, 2.4% increase from prior dividend of $0.42.
    • Forward yield 11.22%
    • Payable June 30; for shareholders of record June 15; ex-div June 11.
    | Fri, May 29, 8:51 AM | 1 Comment
  • Fri, May 29, 8:50 AM
    • Ship Finance (NYSE:SFL): Q1 EPS of $0.35 beats by $0.06.
    • Revenue of $90.01M (+8.9% Y/Y) misses by $5.98M.
    • Press Release
    | Fri, May 29, 8:50 AM | 1 Comment
  • Sat, May 9, 11:27 AM
    • The broadly-defined shipping sector continues to be volatile over the impact of oil price fluctuations and concerns over carrier/tanker supply along with charter rates.
    • The Baltic Dry Index stands at 574 vs. a 52-week trading range of 509 to 1,484.
    • The Guggenheim Shipping ETF (NYSEARCA:SEA) is down 9.4% over the last 52 weeks, although it trades with smoother peaks and troughs than the underlying stocks in the fund.
    • Analysts are convinced that some value picks exist in the sector, although consensus is tricky to find. A few rough screens are listed below (add your own in the comments).
    • Best YTD performance: Navios Maritime (NYSE:NAP) +37%, Scorpio Bulkers (NYSE:SALT) +35%, Tsakos Energy (NYSE:TNP) +31%, Golar LNG (NASDAQ:GLNG) +28%.
    • Lowest price-to book value: DryShips (NASDAQ:DRYS) 0.14,  Safe Bulkers (NASDAQ:SBLK) 0.32, Scorpio Bulkers 0.33, Navios Maritime Holdings (NYSE:NM) 0.34, GasLog (NYSE:GLOG) 0.39.
    • Lowest forward P/E ratio: Danaos (NYSE:DAC) 4.43, Tsakos Energy 7.15, Navios Maritime Acquisition (NYSE:NNA) 7.25, Dorian (NYSE:LPG) 7.43, Dry Ships 7.57.
    • Dividend yield: Navios Maritime Partners (NYSE:NMM) 15.2%, Capital Product Partners (NASDAQ:CPLP) 10.8%, Ship Finance International (NYSE:SFL) 10.8%, Teekay Offshore Partners (NYSE:TOO) 9.7%, Dynagas LNG Partners (NYSE:DLNG) 8.8%.
    • Other shipping stocks: PRGN, FRO, NAT, OSK, TNK, FREE, ESEA, TOPS, DSX, SHIP, NM.
    | Sat, May 9, 11:27 AM | 43 Comments
  • Mon, Apr. 27, 6:56 AM
    • Ship Finance (NYSE:SFL) announces it acquired eight Capesize dry bulk carriers from Golden Ocean Group Limited for $272M.
    • The company expects to take delivery of the vessels in July.
    • The new charter with a subsidiary of Golden Ocean is expected to add $30M in annual EBITDA contribution.
    | Mon, Apr. 27, 6:56 AM | 2 Comments
  • Thu, Feb. 26, 9:05 AM
    • Ship Finance (NYSE:SFL): Q4 EPS of $0.27 misses by $0.11.
    • Revenue of $88.67M (+23.7% Y/Y) misses by $6.31M.
    • Press Release
    | Thu, Feb. 26, 9:05 AM | 2 Comments
  • Thu, Feb. 26, 9:04 AM
    • Ship Finance (NYSE:SFL) declares $0.42/share quarterly dividend, 2.4% increase from prior dividend of $0.41.
    • Forward yield 10.95%
    • Payable March 27; for shareholders of record March 10; ex-div March 6.
    | Thu, Feb. 26, 9:04 AM | 2 Comments
  • Wed, Jan. 7, 9:43 AM
    • Select shipping stocks are outperforming off of some fresh positive comments on the sector by analysts.
    • Frontline (FRO +9.2%), following up on yesterday's brisk rally, is leading the charge.
    • Gainers: DHT Holdings (DHT +6.1%), Teekay Tankers (TNK +1.7%), Nordic American Tankers (NAT +2.5%), Ship Finance International (SFL +0.9%).
    | Wed, Jan. 7, 9:43 AM | 9 Comments
  • Dec. 30, 2014, 2:02 PM
    • Ship Finance International (SFL +0.4%) announces it sold an ultra-deepwater drilling asset after Seadrill Limited exercised a buy option.
    • The company will receive $108M in net cash from the transaction which it plans to reinvest in new assets.
    • Seadrill has purchase options on other deepwater drills in 2016 and 2017.
    | Dec. 30, 2014, 2:02 PM | 5 Comments
  • Dec. 30, 2014, 6:57 AM
    • Seadrill (NYSE:SDRL) has exercised a purchase option for the West Polaris, an ultra-deepwater drilling unit, from Ship Finance International Limited (NYSE:SFL).
    • Ship Finance acquired the West Polaris in 2008 and it was chartered to a subsidiary of Seadrill on a long-term bareboat charter where Seadrill was granted certain purchase options commencing in 2012.
    • The purchase option price is $456M, of which Ship Finance will receive approximately $108M in net cash proceeds.
    • SDRL -1.9% premarket
    | Dec. 30, 2014, 6:57 AM | 19 Comments
  • Nov. 25, 2014, 9:17 AM
    • Ship Finance International Limited (NYSE:SFL) declares $0.41/share quarterly dividend, in line with previous.
    • Forward yield 9.83%
    • Payable Dec. 30; for shareholders of record Dec. 12; ex-div Dec. 10.
    | Nov. 25, 2014, 9:17 AM | Comment!
  • Nov. 25, 2014, 8:47 AM
    • Ship Finance (NYSE:SFL): Q3 preliminary EPS of $0.37 beats by $0.04.
    • Preliminary Revenue of $83.2M (+22.2% Y/Y) misses by $2.06M.
    • Press Release
    | Nov. 25, 2014, 8:47 AM | Comment!
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Company Description
Ship Finance International Ltd is engaged mainly in the ownership and operation of vessels and offshore related assets. It is also involved in the charter, purchase and sale of assets.
Sector: Services
Industry: Shipping
Country: United States