SFL Corp. Ltd. (United Kingdom)

Ship Finance International Limited, located in Hamilton, is a ship owning company that was established in 2003. Over the years, it has become one of the largest ship owning companies globally, with investments in various segments such as tankers, bulkers, containers, and offshore vessels. The company was listed on the New York Stock Exchange in 2004 and has consistently paid dividends every quarter since then. The company's primary business strategy focuses on profitable growth, delivering quarterly dividend payments, and increasing long-term distributable cash flow per share. To achieve this, Ship Finance International aims to expand its asset base through timely and selective acquisitions that contribute to long-term distributable cash flow per share. This includes placing new building orders, acquiring new and modern second-hand vessels, and entering into medium or long-term charter arrangements. The company may also acquire vessels without initial charter coverage and sell aging vessels when it deems it beneficial for the company and its shareholders. Ship Finance International also emphasizes diversifying its asset mix to ensure the ability to pay sustainable dividends in a volatile market. Currently, the company's asset base includes crude oil tankers, dry bulk carriers, container vessels, car carriers, chemical tankers, and drilling rigs. The management team's expertise is expected to provide opportunities to expand this asset base with quality vessels and other assets of long-term strategic importance. In terms of customer relationships, Ship Finance International has significantly increased its customer base since 2004. The company aims to continue expanding relationships with existing customers and adding new customers as the demand for chartered assets in the international shipping markets grows. The company's strategy also involves pursuing medium to long-term charter opportunities for its vessels to ensure predictable future cash flows. Additionally, Ship Finance International may consider shorter charter agreements or agreements that include profit sharing to generate incremental revenue and benefit from strong market conditions.