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SHORT-TERM AND LONG-TERM DEBT (Details)
6 Months Ended 12 Months Ended 1 Months Ended 6 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 12 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 12 Months Ended 1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended 3 Months Ended 1 Months Ended 1 Months Ended 3 Months Ended 12 Months Ended 1 Months Ended 6 Months Ended 1 Months Ended
Jun. 30, 2014
USD ($)
Rate
Jun. 30, 2013
USD ($)
Dec. 31, 2013
USD ($)
Rate
Apr. 30, 2006
US$ 210 million secured term loan facility [Member]
USD ($)
subsidiaries
vessel
Jun. 30, 2014
US$ 210 million secured term loan facility [Member]
USD ($)
Dec. 31, 2013
US$ 210 million secured term loan facility [Member]
USD ($)
Aug. 31, 2007
US$ 149 million secured term loan facility [Member]
USD ($)
subsidiaries
vessel
Aug. 31, 2014
US$ 149 million secured term loan facility [Member]
USD ($)
Jun. 30, 2014
US$ 149 million secured term loan facility [Member]
USD ($)
vessel
Dec. 31, 2013
US$ 149 million secured term loan facility [Member]
USD ($)
Jan. 31, 2008
US$ 149 million secured term loan facility [Member]
vessel
Jan. 31, 2008
US dollar 77 million secured term loan facility [Member]
USD ($)
subsidiaries
vessel
Aug. 31, 2014
US dollar 77 million secured term loan facility [Member]
USD ($)
Jun. 30, 2014
US dollar 77 million secured term loan facility [Member]
USD ($)
Dec. 31, 2013
US dollar 77 million secured term loan facility [Member]
USD ($)
Feb. 29, 2008
US$ 30 million secured revolving credit facility (February 2008) [Member]
Jun. 30, 2014
US$ 30 million secured revolving credit facility (February 2008) [Member]
USD ($)
Dec. 31, 2013
US$ 30 million secured revolving credit facility (February 2008) [Member]
USD ($)
Feb. 28, 2008
US$ 30 million secured revolving credit facility (February 2008) [Member]
USD ($)
Mar. 31, 2008
US$ 49 million secured term loan and revolving credit facility [Member]
USD ($)
vessel
subsidiaries
Jun. 30, 2014
US$ 49 million secured term loan and revolving credit facility [Member]
USD ($)
Dec. 31, 2013
US$ 49 million secured term loan and revolving credit facility [Member]
USD ($)
Feb. 28, 2010
US$ 43 million secured term loan facility (February 2010) [Member]
USD ($)
Jun. 30, 2014
US$ 43 million secured term loan facility (February 2010) [Member]
USD ($)
Dec. 31, 2013
US$ 43 million secured term loan facility (February 2010) [Member]
USD ($)
Mar. 31, 2010
US$ 725 million secured term loan and revolving credit facility [Member]
USD ($)
vessel
Jun. 30, 2014
US$ 725 million secured term loan and revolving credit facility [Member]
USD ($)
vessel
Dec. 31, 2013
US$ 725 million secured term loan and revolving credit facility [Member]
USD ($)
vessel
Mar. 31, 2010
US$ 43 million secured term loan facility (March 2010) [Member]
USD ($)
Jun. 30, 2014
US$ 43 million secured term loan facility (March 2010) [Member]
USD ($)
Dec. 31, 2013
US$ 43 million secured term loan facility (March 2010) [Member]
USD ($)
Nov. 30, 2010
US$ 54 million secured term loan facility [Member]
USD ($)
subsidiaries
vessel
Jun. 30, 2014
US$ 54 million secured term loan facility [Member]
USD ($)
Dec. 31, 2013
US$ 54 million secured term loan facility [Member]
USD ($)
Feb. 28, 2011
US$ 95 million secured term loan and revolving credit facility [Member]
USD ($)
Jun. 30, 2014
US$ 95 million secured term loan and revolving credit facility [Member]
USD ($)
Dec. 31, 2013
US$ 95 million secured term loan and revolving credit facility [Member]
USD ($)
Mar. 31, 2011
US$ 75 million secured term loan facility [Member]
USD ($)
subsidiaries
vessel
Dec. 31, 2012
US$ 75 million secured term loan facility [Member]
vessel
Dec. 31, 2011
US$ 75 million secured term loan facility [Member]
vessel
Jun. 30, 2014
US$ 75 million secured term loan facility [Member]
USD ($)
Dec. 31, 2013
US$ 75 million secured term loan facility [Member]
USD ($)
May 31, 2011
US$ 171 million secured term loan facility [Member]
USD ($)
subsidiaries
vessel
Jun. 30, 2014
US$ 171 million secured term loan facility [Member]
USD ($)
Dec. 31, 2013
US$ 171 million secured term loan facility [Member]
USD ($)
Jun. 30, 2011
US$ 55 million secured securities financing facility [Member]
USD ($)
Rate
Jun. 30, 2014
US$ 55 million secured securities financing facility [Member]
USD ($)
Dec. 31, 2013
US$ 55 million secured securities financing facility [Member]
USD ($)
Jul. 31, 2011
US$ 167 million secured term loan facility
USD ($)
vessel
subsidiaries
Jun. 30, 2014
US$ 167 million secured term loan facility
USD ($)
Dec. 31, 2013
US$ 167 million secured term loan facility
USD ($)
vessel
Mar. 31, 2012
US dollar 184 million secured term loan and revolving credit facility [Member]
USD ($)
subsidiaries
vessel
Jun. 30, 2014
US dollar 184 million secured term loan and revolving credit facility [Member]
USD ($)
May 31, 2014
US dollar 184 million secured term loan and revolving credit facility [Member]
vessel
Feb. 28, 2014
US dollar 184 million secured term loan and revolving credit facility [Member]
vessel
Dec. 31, 2013
US dollar 184 million secured term loan and revolving credit facility [Member]
USD ($)
Nov. 30, 2012
US Dollar 53.2 Million Secured Term Loan Facility [Member]
USD ($)
vessel
subsidiaries
Jun. 30, 2014
US Dollar 53.2 Million Secured Term Loan Facility [Member]
USD ($)
Dec. 31, 2013
US Dollar 53.2 Million Secured Term Loan Facility [Member]
USD ($)
Jun. 30, 2014
US Dollar 70 Million Secured Term Loan Facility [Member]
USD ($)
Dec. 31, 2013
US Dollar 70 Million Secured Term Loan Facility [Member]
USD ($)
Jun. 30, 2013
US Dollar 70 Million Secured Term Loan Facility [Member]
USD ($)
Jun. 30, 2014
US Dollar 45 million Secured Term Loan Facility [Member]
USD ($)
vessel
subsidiaries
Dec. 31, 2013
US Dollar 45 million Secured Term Loan Facility [Member]
USD ($)
Dec. 31, 2013
8.5% Senior Notes due 2013 [Member]
USD ($)
Dec. 15, 2003
8.5% Senior Notes due 2013 [Member]
USD ($)
Rate
Jan. 31, 2013
US dollar 350 Million Senior Unsecured Convertible Bonds Due 2018 [Member]
USD ($)
Rate
Mar. 31, 2013
US dollar 350 Million Senior Unsecured Convertible Bonds Due 2018 [Member]
Jun. 30, 2014
US dollar 350 Million Senior Unsecured Convertible Bonds Due 2018 [Member]
USD ($)
Dec. 31, 2013
US dollar 350 Million Senior Unsecured Convertible Bonds Due 2018 [Member]
USD ($)
Jun. 30, 2014
NOK 500 million senior unsecured floating rate bonds due 2014 [Member]
NOK
Jun. 30, 2014
NOK 500 million senior unsecured floating rate bonds due 2014 [Member]
USD ($)
Dec. 31, 2013
NOK 500 million senior unsecured floating rate bonds due 2014 [Member]
USD ($)
Dec. 31, 2013
NOK 500 million senior unsecured floating rate bonds due 2014 [Member]
NOK
Oct. 07, 2010
NOK 500 million senior unsecured floating rate bonds due 2014 [Member]
NOK
Jun. 30, 2014
NOK 500 Million Senior Unsecured Floating Rate Bonds Due 2014 (USD) [Member]
USD ($)
Dec. 31, 2013
NOK 500 Million Senior Unsecured Floating Rate Bonds Due 2014 (USD) [Member]
USD ($)
Feb. 28, 2011
3.75% Senior Unsecured Convertible Bonds Due 2016 [Member]
Jun. 30, 2014
3.75% Senior Unsecured Convertible Bonds Due 2016 [Member]
USD ($)
Dec. 31, 2013
3.75% Senior Unsecured Convertible Bonds Due 2016 [Member]
USD ($)
Feb. 10, 2011
3.75% Senior Unsecured Convertible Bonds Due 2016 [Member]
USD ($)
Rate
Oct. 31, 2012
NOK 600 million senior unsecured floating rate bonds due 2017 [Member]
Jun. 30, 2014
NOK 600 million senior unsecured floating rate bonds due 2017 [Member]
NOK
Dec. 31, 2013
NOK 600 million senior unsecured floating rate bonds due 2017 [Member]
NOK
Jun. 30, 2014
NOK 600 million senior unsecured floating rate bonds due 2017 [Member]
USD ($)
Dec. 31, 2013
NOK 600 million senior unsecured floating rate bonds due 2017 [Member]
USD ($)
Oct. 19, 2012
NOK 600 million senior unsecured floating rate bonds due 2017 [Member]
NOK
Rate
Jun. 30, 2014
NOK 600 Million Senior Unsecured Floating Rate Bonds Due 2017 (USD) [Member]
USD ($)
Dec. 31, 2013
NOK 600 Million Senior Unsecured Floating Rate Bonds Due 2017 (USD) [Member]
USD ($)
Jun. 30, 2014
Senior Unsecured Convertible Bonds Due 2018 [Member]
USD ($)
Dec. 31, 2013
Senior Unsecured Convertible Bonds Due 2018 [Member]
USD ($)
Mar. 31, 2014
NOK 900 million senior unsecured floating rate bonds due 2019 [Member]
Jun. 30, 2014
NOK 900 million senior unsecured floating rate bonds due 2019 [Member]
NOK
Jun. 30, 2014
NOK 900 million senior unsecured floating rate bonds due 2019 [Member]
USD ($)
Mar. 19, 2014
NOK 900 million senior unsecured floating rate bonds due 2019 [Member]
NOK
Rate
Dec. 31, 2013
NOK 900 million senior unsecured floating rate bonds due 2019 [Member]
USD ($)
Dec. 31, 2013
NOK 900 million senior unsecured floating rate bonds due 2019 [Member]
NOK
Jun. 30, 2014
NOK 900 million senior unsecured floating rate bonds due 2019 (USD) [Member]
USD ($)
Dec. 31, 2013
NOK 900 million senior unsecured floating rate bonds due 2019 (USD) [Member]
USD ($)
Jun. 30, 2014
USD denominated floating rate debt (libor plus margin) due through 2026 [Member]
USD ($)
Dec. 31, 2013
USD denominated floating rate debt (libor plus margin) due through 2026 [Member]
USD ($)
Oct. 31, 2013
SFL Linus [Member]
USD ($)
Jun. 30, 2014
SFL Linus [Member]
USD ($)
Debt Instrument [Line Items]                                                                                                                                                                                                              
Long-term debt $ 1,730,015,000   $ 1,736,879,000                                                                                                                                         $ 0 $ 71,854,000           $ 125,000,000 $ 125,000,000         $ 93,231,000 $ 92,843,000       $ 350,000,000 $ 350,000,000     $ 145,388,000   $ 0       $ 1,016,396,000 $ 1,097,182,000   $ 475,000,000
Less : current portion of long-term debt 396,963,000   389,888,000                                                                                                                                                                                                        
Total long-term debt, non-current portion 1,333,052,000   1,346,991,000                                                                                                                                                                                                        
Long-term Debt, by Maturity [Abstract]                                                                                                                                                                                                              
2014 156,289,000                                                                                                                                                                                                            
2015 262,936,000                                                                                                                                                                                                            
2016 179,591,000                                                                                                                                                                                                            
2017 183,886,000                                                                                                                                                                                                            
2018 658,074,000                                                                                                                                                                                                            
Thereafter 289,239,000                                                                                                                                                                                                            
Long-term debt 1,730,015,000   1,736,879,000                                                                                                                                         0 71,854,000           125,000,000 125,000,000         93,231,000 92,843,000       350,000,000 350,000,000     145,388,000   0       1,016,396,000 1,097,182,000   475,000,000
Weighted average interest rate (in hundredths) 4.841%   4.86%                                                                                                                                                                                                        
Three month dollar LIBOR rate (in hundredths) 0.2307%   0.246%                                                                                                                                                                                                        
Three month Norwegian kroner NIBOR rate (in hundredths) 1.75%   1.69%                                                                                                                                                                                                        
Stated interest rate                                                                                                                                   8.50% 3.25%                           3.75%                                            
Debt Instrument Convertible Bond Period                                                                                                                                     10 days                     10 days                                                  
Debt Instrument, Face Amount       210,000,000 173,100,000 174,800,000 149,000,000 149,000,000 69,700,000 73,900,000   77,000,000 77,000,000 35,900,000 39,100,000         49,000,000 28,300,000 25,600,000 42,600,000 30,500,000 32,000,000 725,000,000 171,900,000 158,800,000 42,600,000 30,500,000 32,000,000 53,700,000 40,000,000 42,000,000 95,000,000 62,500,000 47,500,000 75,400,000     59,600,000 62,500,000 171,000,000 140,300,000 146,300,000 55,000,000 19,900,000 28,200,000 166,800,000 78,000,000 74,500,000 184,000,000 0     64,400,000 53,200,000 47,100,000 48,800,000 0 70,000,000 70,000,000 45,000,000 0   580,000,000 350,000,000       0     436,500,000 500,000,000 0 71,900,000       125,000,000   572,000,000 564,000,000     600,000,000 93,200,000 92,800,000       892,000,000   900,000,000   0 145,400,000 0     475,000,000  
Term of Loan       12 years     7 years         7 years       7 years       10 years     5 years     5 years     5 years     8 years     7 years     8 years         10 years           6 years     12 years         5 years           5 years                                                                             5 years  
Amount of debt repurchased                                                                                                                                                                       36,000,000                 8,000,000                    
Gain/(loss) on purchase of bonds (21,000) (1,109,000) (1,218,000)                                                                                                                           1,100,000                                                                            
Proceeds from resale of debt previous purchased                                                                                                                                                                     8,000,000                                        
Extinguishment of debt, amount                                                                                                                                             432,500,000                                                                
Notice of redemption (in days)                                                                                                                                                                   30 days                   30 days                      
Redemption price of debt (in hundredths)                                                                                                                                                                             100.50%               100.50%                
Conversion price (in dollars per share)                                                                                                                                     $ 21.945   $ 19.549                   $ 19.36   $ 27.05                                            
Premium of conversion price to share price                                                                                                                                     33.00%                           35.00%                                            
Threshold percentage of value of shares underlying each bond to principal amount of bond for the bonds to be callable (in hundredths)                                                                                                                                                                 130.00%                                            
Number of wholly-owned subsidiaries of the Company that entered into secured term loan facility agreement       5     5         2               2                       2           3         8           5     4         2           7                                                                                
Number of new vessels acquired that were partly funded by secured term loan facility       5     5         2               2                       2           3         7           5     4         2           7                                                                                
Minimum revenue level by vessel-owning subsidiaries         10,500,000                                                                                                                                                                                                    
Number of vessels sold                     1                                 9                                             2                                                                                                        
Number of remaining vessels relating to loan facility                 4                                                                                                                                                                                            
Number of vessels against which loan was secured                                                   26 17                                                                                                                                                        
Number of vessels delivered                                                                             1 2                                                                                                                              
Number of container vessels contracted to be acquired, canceled                                                                                                           2 2                                                                                                
Available amount under revolving part of credit facility                                     30,000,000                                                                                                                                                                        
Revolving credit facility, amount drawn                                 4,000,000 5,000,000                                                                                                                                                                          
Amount available to draw                                         200,000           78,700,000                 0                           0                                                                                                          
Percentage of acquisition cost of securities which may be funded by financing facility (in hundredths)                                                                                           50.00%                                                                                                                  
Book value of assets pledged under ship mortgages                                                                                                                             1,966,000,000 1,994,000,000                                                                              
Common shares loaned to affiliate                                                                                                                                       6,060,606                                                                      
Related party share loan fee                                                                                                                                     1,000,000                                                                        
Equity component of convertible bond issuance, net 0 20,722,000 20,722,000                                                                                                                                     20,700,000                                                                  
Amortization of deferred charges                                                                                                                                         $ 2,100,000