Its $22m profit compared with $41m in the corresponding period of 2013.
Operating revenue stood at $73m, an 11.7% decline.
During the second three-month period, SFL accumulated $1.8m in a cash sweep from Frontline.
The John Fredriksen-controlled company took delivery of two 82,000-dtw kamsarmaxes in July and August and, as TradeWinds has reported, it expects a $7m EBITDA contribution from the new vessels.
SFL
