UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2024 Commission File Number: 001-32199 | --- | --- | |----------------------------------------------------------------------|------------------------------------| | | | | | | | SFL Corporation Ltd. | | | (Translation of registrant's | name into English) | | Par-la-Ville | Place | | 14 Par-la-Ville ...

Please find enclosed the presentation of the preliminary second quarter results to be held August 14, 2024, in the link below. Attachment ...

Core Insights - SFL Corporation Ltd. announced preliminary financial results for Q2 2024, reporting a net profit of $20.6 million, or $0.16 per share, and declared a quarterly cash dividend of $0.27 per share, marking the 82nd consecutive quarterly dividend [2][4]. Financial Performance - The company received charter hire of $198.8 million in the quarter, which includes $4.4 million from profit share [2]. - Adjusted EBITDA from consolidated subsidiaries was $123.3 million, with an additional $7.8 million from associated companies [2]. Growth and Investments - SFL secured new five-year time charters for three 10,600 TEU and four 8,700 TEU vessels with Maersk, adding approximately $485 million to its backlog [2]. - The company delivered the newbuild LR2 product tanker SFL Tucana in June, with two additional vessels expected in Q3 and Q4 [2]. - An LNG dual-fuel 33,000 DWT chemical tanker, SFL Aruba, was delivered in August, with another vessel scheduled for delivery later in Q3 [2]. - SFL placed a newbuild order for five LNG dual-fuel 16,800 TEU container vessels, with delivery scheduled for 2028, alongside ten-year time charters to a leading liner company [2]. Strategic Focus - The CEO highlighted that the company has added over $2 billion to its charter backlog this year, which now stands at nearly $5 billion, reflecting a combination of vessel acquisitions and charter extensions [2][3]. - The recent newbuild deal for five large container vessels signifies a commitment to expanding investments in assets with a lower carbon footprint while ensuring visibility through long-term charters [4]. Dividend Information - The quarterly cash dividend of $0.27 per share will be paid on or around September 27, 2024, with the record date set for September 11, 2024 [4].

Core Viewpoint - SFL Corporation Ltd. is set to release its preliminary financial results for Q2 2024 on August 14, 2024, and will host a conference call and webcast for stakeholders on the same day [1][2]. Company Overview - SFL Corporation Ltd. has maintained a consistent dividend payment record since its listing on the New York Stock Exchange in 2004, showcasing a strong track record in the maritime industry [3]. - The company's fleet includes various types of vessels such as tankers, bulkers, container vessels, car carriers, and offshore drilling rigs, supported by long-term charters and significant asset growth over time [3]. Conference Call Details - The conference call will take place on August 14, 2024, at 10:00 AM (EST) / 4:00 PM (CET), with relevant materials available on the company's Investor Relations website [1][2]. - Participants can join the conference call in listen-only mode via the company's website or participate in a live Q&A session through Zoom [2].

The net proceeds of the Offering are expected to be used for general corporate purposes, including but not limited to vessel acquisitions. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,200,000 Common Shares. The Offering is being made only by means of a prospectus supplement and accompanying base prospectus. A registration statement relating to these securities was filed with the U.S. Securities and Exchange Commission (the "SEC") and is effective. A final prospe ...

Core Viewpoint - SFL Corporation Ltd. plans to offer 8,000,000 common shares through an underwritten public offering, with net proceeds aimed at general corporate purposes, including vessel acquisitions [1]. Group 1: Offering Details - The offering will consist of 8,000,000 common shares with a par value of $0.01 each [1]. - Morgan Stanley is the sole bookrunning manager, while BTIG, LLC serves as the lead manager for the offering [2]. - The company intends to grant underwriters a 30-day over-allotment option to purchase an additional 1,200,000 common shares [6]. Group 2: Company Background - SFL Corporation has a strong track record in the maritime industry, having paid dividends quarterly since its NYSE listing in 2004 [4]. - The company's fleet includes tanker vessels, bulkers, container vessels, car carriers, and offshore drilling rigs, supported by long-term charters and asset growth [4]. Group 3: Regulatory and Documentation - The offering is being conducted via a prospectus supplement and accompanying base prospectus, with a registration statement filed with the U.S. Securities and Exchange Commission [7].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2024 Commission File Number: 001-32199 SFL Corporation Ltd. (Translation of registrant's name into English) Par-la-Ville Place 14 Par-la-Ville Road Hamilton, HM 08, Bermuda (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under co ...

Financial Data and Key Metrics Changes - Total charter revenues for Q1 2024 were $236 million, a 13% increase from the previous quarter, driven by new car carriers and increased revenues from the drilling rig Hercules [7] - EBITDA equivalent cash flow was approximately $152 million, significantly higher than the previous quarter, with a total of $523 million over the last 12 months [8] - Net income for the quarter was around $45 million, or $0.36 per share, compared to $31.4 million or $0.25 per share in the previous quarter [40] Business Line Data and Key Metrics Changes - The container fleet generated gross charter hire of approximately $90 million, including $3 million in profit share related to fuel savings [26] - Tankers on long-term charters generated approximately $30 million in gross charter hire, consistent with the previous quarter [34] - The drilling rigs generated approximately $66.5 million in contract revenues, up from $45 million in the previous quarter, with Hercules contributing approximately $47 million [35][36] Market Data and Key Metrics Changes - The fixed rate backlog stands at approximately $3.6 billion, providing strong visibility on future cash flows [10][33] - The company has a diversified fleet with 76 maritime assets, with container vessels making up just under 50% of the backlog [18][19] Company Strategy and Development Direction - The company is focused on long-term charters with strong end users, moving away from financing-type bareboat charters [19] - Recent acquisitions include new dual fuel chemical carriers and long-term charters with Maersk, enhancing the charter backlog and revenue potential [11][15] - The company is investing in energy efficiency measures across its fleet to maintain competitiveness and reduce emissions [23][30] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the market, citing low order books in specific segments and the potential for continued firm market conditions [48] - The company is monitoring opportunities for long-term contracts in the drilling sector, with a focus on maximizing the utilization of its assets [52][68] Other Important Information - The company announced an increase in its quarterly dividend to $0.27 per share, marking the 81st consecutive cash dividend [9][43] - A new $150 million senior unsecured sustainability-linked bond was raised to refinance existing debt and for general corporate purposes [16][41] Q&A Session Summary Question: Insights on recent chemical tanker acquisitions - Management explained the rationale for employing one vessel in Stolt-Nielsen's pool, highlighting the visibility on charter revenues and market opportunities [46][48] Question: Commentary on Hercules and Linus revenue - Management provided updates on Hercules mobilizing to Canada and the revenue increase for Linus due to index-linked contracts [50][53] Question: Thoughts on dividend sustainability - Management indicated a cautious approach to dividend increases, balancing between shareholder returns and investment opportunities [58][60] Question: Future employment opportunities for Hercules - Management discussed the potential for extended deployment of Hercules and the tight market for harsh environment rigs [56][66] Question: Long-term charter market in tankers - Management noted the shift towards long-term contracts in the tanker market and the company's strategy to find strong counterparties [67][68]

Financial Obligations and Shareholder Returns - The company redeemed the full outstanding amount of $84.9 million under the 4.875% senior unsecured convertible bonds due 2023, settling the remaining principal in cash [610]. - During the year ended December 31, 2023, the company repurchased a total of 1,095,095 shares at an average price of approximately $9.27 per share, totaling $10.2 million, with $89.8 million remaining under the authorized Share Repurchase Program [614]. - The company paid four dividends totaling $0.97 per common share, amounting to $123.0 million during 2023 [619]. - As of December 31, 2023, the company had total contractual cash obligations of $3,268.1 million, with $1,088.7 million due within one year [621]. Market Trends and Performance - The tanker market saw average earnings of approximately $40,000 per day in December 2023, with a forecasted crude tanker demand increase of approximately 5.9% for 2023 [628]. - The dry bulk fleet increased by 3.0% in total deadweight tonnage (dwt) during 2023, while demand increased by 4.4% in tonne miles [630]. - The containership charter market experienced a correction in 2023 but is now strengthening due to rerouting of vessels, resulting in elevated freight and chartering rates [632]. - Global seaborne container trade is estimated to have increased by 7% year over year during Q4 2023, with full year volumes only marginally up by approximately 0.3% or 1.6% in TEU-miles [633]. - The total container vessel fleet is projected to be 20% larger by the end of 2025 compared to the start of 2023, driven by continued fleet capacity growth [633]. Offshore Drilling Market Insights - The offshore drilling rig utilization improved from 83% in 2020 to 93% in 2023 due to increased global demand for oil and gas and a lower supply of offshore drilling rigs [635]. - Increased capital expenditures by oil and gas companies have led to more exploration and development activity, positively impacting the demand for offshore drilling rigs [635]. - The market outlook for offshore drilling rigs has improved as older rigs have been retired and demolished, contributing to better utilization rates [635]. - The offshore drilling market has faced challenges due to fluctuating oil prices, with Brent crude prices ranging from $20 in 2020 to above $100 per barrel in 2022 [634]. - Financial difficulties have been experienced by some drilling rig owners and operators due to lower oil prices since 2014, leading to breaches of bank covenants and financial restructurings [634]. Shipping Index and Volatility - At the end of January 2024, the Shanghai Containerized Freight Index (SCFI) increased to approximately 2,200 points, reflecting a recovery from the low of 1,030 points in January 2023, which was down 80% from the peak of 5,110 points in January 2022 [633]. - The SCFI index at the end of 2021 was over 5,000 points, indicating significant volatility in the container shipping market over the past few years [633]. - Market sources anticipate continued pressure for container shipping in the coming years, influenced by developments in the Red Sea [633]. Share Options and Capital - The company awarded a total of 440,000 options to officers, employees, and directors in February 2023, with an initial strike price of $10.34 per share [616]. - The additional paid-in capital arising from share options granted was $1.6 million in 2023 [615].

STATE OF THE ART EFFICIENY PROGRAM ON SIX VESSELS Supreme anti fouling paint New bulbous bow New propeller Exhaust gas cleaning systems Variable frequency drive for pumps and fans Capacity increase from 13,800 to 15,400 TEU by modifying lashing bridges and gears 20% EMISSION REDUCTION PER TEU -20% Pre upgrade Post upgrade 6 SFL Financial Performance | --- | --- | --- | --- | |-------------------------------------------------------------------------------------------|----------------------------------------- ...