Bermudian-based SFL Corporation Ltd, one of the world's largest ship-owning companies, has sold and delivered the 2010-built suezmax tanker Everbright to an unrelated third party.

The company said net sale proceeds to SFL are approximately $41.1 million, and the vessel was debt free at the end of the first quarter.

A book gain of approximately $6.4 million is expected to be recorded in the second quarter as a result of the sale.

SFL said divesting of older vessels is part of the company’s strategy to continuously renew and diversify its fleet, and the net cash proceeds are expected to be reinvested in new assets.

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Valaris Limited, the Bermudian-based offshore drilling services company, has issued its 2022 Sustainability Report, showcasing the company’s commitment to and advancement of its near- and long-term environmental, social and governance priorities.

President and chief executive officer Anton Dibowitz said: “At Valaris, we are proud to provide responsible solutions that deliver energy to the world.

“We continue to develop our sustainability programme, including this year setting goals that drive meaningful advancements towards building a more resilient and sustainable company.

“We look forward to promoting sustainable business practices alongside our stakeholders.”

As part of its commitment to sustainability, Valaris said, it has set a target to reduce Scope 1 emissions intensity per active day by 10 per cent to 20 per cent by 2030 compared to a 2019 baseline.

The company has identified a clear road map to reach its target based on four areas of focus: energy efficient practices, energy-saving upgrades and procedures, bio fuel blends, and jack-up rig electrification.

The company said it believes this to be a credible target range based on technologies that exist today and may increase the target as new technologies become available.

Valaris said it remains focused on exploring ways to continuously improve its overall impact on the environment, including the reduction of greenhouse gas emissions.

Further, the company has aligned the Sustainability Report with the standards of the Task Force on Climate-Related Financial Disclosures, in addition to the Sustainability Accounting Standards Board, with references to other frameworks such as the Global Reporting Initiative and the Carbon Disclosure Project, where relevant.

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Borr Drilling Limited, the oilfield services company based in Bermuda, has been awarded a contract for its premium jack-up rig Hild.

The contract, from an undisclosed customer for work in Latin America, covers a firm term of 725 days and is expected to commence in Q3 2023, following the conclusion of the rig's ongoing activation.

The estimated contract value is $123 million, including mobilisation and demobilisation fees.

Following this award, Borr said, all of the company's 22 delivered units are now contracted or committed, with no open availability until late Q3 2023.

Amid an improving market, the company said it remains optimistic about recontracting opportunities for its premium fleet.

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DHT Holdings Inc, the oil tanker company, has issued a business update regarding its fleet operations to date in 2023.

For the first quarter, the Bermudian-based organisation said, it estimates time charter equivalent earnings for its fleet at $49,100 per day, comprising of $35,000 per day for the company’s very large crude carriers on time-charter and $54,600 per day for VLCCs operating in the spot market.

Thus far in the second quarter, 35 per cent of the available VLCC spot days have been booked at an average rate of $75,500 per day on a discharge-to-discharge basis.

Fifty-five per cent of the available VLCC days, spot and time-charter days combined, have been booked at an average rate of $52,200 per day.