SFL Corporation Ltd. is an international ship owning and chartering company incorporated under the laws of Bermuda. The company primarily owns and operates vessels and offshore related assets and is also active in the charter purchase and sale of those assets. As of December 31 2025 its fleet consisted of seventeen tankers two dry bulk carriers twenty one container vessels seven car carriers and two drilling rigs together with five dual fuel sixteen thousand eight hundred TEU container vessels under construction expected to be delivered in 2028. SFL Corporation Ltd. also holds an equity interest in an associated company that owns four leased in container vessels. The firm’s main objective is to grow through accretive acquisitions across a range of marine and offshore asset classes while generating stable and increasing cash flows by chartering assets chiefly under medium to long term bareboat or time charters. In pursuit of this goal the company regularly evaluates second hand vessels newbuilding projects and strategic partnerships that can enhance its earnings profile and expand its geographic reach.

Revenue is generated principally from charter hire earned when the company’s vessels and rigs are employed under bareboat or time charter agreements with third parties. Additional income arises from the purchase and sale of vessels and rigs which can produce gains or losses on disposal. The company also earns returns from financial investments such as loans secured by maritime assets and equity interests in associated entities. Charter contracts typically provide fixed daily rates over periods of several years which helps to smooth earnings and reduce exposure to spot market volatility. In some cases the company enters into profit sharing arrangements that allow it to participate in upside when market conditions are strong while still securing a base level of income. The customer base includes major shipping lines oil majors commodity traders and automobile manufacturers who seek reliable access to shipping capacity through long term charter arrangements.

The company operates through the following segments.

• The Tankers segment comprises crude oil tankers product tankers and chemical tankers that are owned operated and chartered to transport crude oil refined petroleum products and various chemicals under medium to long term bareboat or time charter arrangements. The segment benefits from stable demand for energy transportation and the ability to secure charters with major oil companies and traders.

• The Container vessels segment includes feeder and larger containerships that are employed primarily under long term time charters to liner companies providing scheduled cargo services on global trade routes. These vessels often operate on dedicated loops that serve specific trade lanes such as Asia Europe or transpacific routes.

• The Car carriers segment consists of vehicle carriers including dual fuel LNG powered vessels that are chartered to automobile manufacturers and logistics firms for the transport of finished cars and trucks. The segment has recently added new dual fuel carriers that meet stricter environmental standards and attract long term commitments from leading automotive groups.

• The Dry bulk carriers segment owns and operates vessels that transport bulk commodities such as iron ore coal grain and other dry goods under charter agreements with miners traders and producers. The segment’s performance is linked to global commodity cycles and the company seeks to lock in earnings through multi year charters with reliable counterparties.

• The Offshore drilling rigs segment includes a jack up rig and an ultra deepwater drilling rig that are sub chartered to oil and gas exploration companies for drilling campaigns and well development activities. These rigs are capable of operating in harsh environments and are often contracted for programs that span several drilling seasons.

SFL Corporation Ltd. holds a diversified position within the global maritime shipping industry by maintaining a mixed fleet that spans tankers container vessels car carriers dry bulk carriers and offshore drilling rigs. This diversification reduces reliance on any single market segment and allows the company to capture opportunities across different cycles. Competitive advantages stem from its focus on medium to long term charters which provide predictable cash flow its strong relationships with major charterers and its ability to access capital for newbuildings and acquisitions. The company faces competition from other international shipowners such as Frontline Danaos Golden Ocean and various independent operators that also seek long term charter business. However SFL Corporation Ltd. differentiates itself through its broad asset base and its track record of delivering vessels under long term agreements with reputable counterparties. In addition the firm’s prudent financial management and disciplined investment approach have helped it maintain a solid balance sheet even during periods of market stress.

The company serves a varied customer base that includes major container lines such as Maersk MSC Hapag Lloyd and K Line oil majors like ConocoPhillips and Phillips 66 automobile manufacturers including Volkswagen commodity traders such as Trafigura Vitol and Stolt Tankers and other shipping and logistics providers. These customers typically enter into charter agreements that last several years and provide the company with a steady stream of hire income. By working with a broad range of counterparties SFL Corporation Ltd. reduces its reliance on any single customer and enhances the resilience of its revenue profile.