SFL Corporation Ltd. (NYSE:SFL) Q2 2023 Earnings Call Transcript

The volumes, at least from what we see and hear are very healthy. And so I think what the container lines are looking at, I mean, they are not really so focused on ships. What they are focused on is logistics and they are really – they are not really shipping companies anymore. So they are looking at lowest cost for container carrier and to get the carbon emissions and the costs down, and we believe that owners that can help them do that are in a good position. And that is becoming really more and more important and especially from the likes of Maersk and Hapag-Lloyd that are big with us, we see that’s their focus really.

Chris Wetherbee: I have 1 more question, if I could briefly ask. It has to do with the change in law in Bermuda corporate law. I’m just wondering if that’s going to affect the company at all.

Aksel Olesen: I assume you’re referring to the OECD kind of global taxation? Or is it?

Chris Wetherbee: I read just recently that they’re proposing a change. It could be what you just said, but I’m not sure. It’s definitely about corporate taxation.

Aksel Olesen: Yes. Not sure I think that’s a global initiative and certain, call it, kind of thresholds to meet that. I don’t think we are kind of at that threshold yet. I think, see many shipping companies are also under different tonnage tax structure. So that’s, of course, a possibility and some of our fleet is already under wrap in Cyprus. So management and the Board is evaluating and following that closely.

Marius Furuly: As there are no further questions from the audience, I would like to thank everyone for participating in this conference call. If you have any follow-up questions to management, there are contact details in the press release or you can get in touch with us through the contact pages on our web page, www.sflcorp.com. Thank you very much.

Ole Hjertaker: Thank you.