SFL (SFL) Is Back In The Spotlight, What Is Behind The Attention?

SFL (SFL) has extended its relationship with Hapag-Lloyd by signing seven-year charter extensions for six 15,400 TEU container vessels, adding about US$750 million to its fixed rate backlog and bringing total contracted revenue to roughly US$4.6 billion. SFL’s latest charter extensions land at a time when the share price has cooled slightly in the very short term, with the 7 day share price return down 5.85%. However, the 30 day and 90 day share price returns are up 3.75% and 18.44%...