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SFL - Sale of vessel / Press release from Ship Finance


57798 fcras 4/6 2012 15:44
Oversigt

SFL - Sale of vessel and charter termination compensation from Frontline


Press release from Ship Finance International Limited,

June 4, 2012

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or the "Company"), today announced that it has agreed to sell the 20-year old combination carrier Front Rider to an unrelated third party and has simultaneously agreed to terminate the corresponding charter party with a subsidiary of Frontline Ltd. ("Frontline").

Delivery to the new owner is expected to be in July 2012 and Ship Finance expects to receive net proceeds of approximately $10.2 million including a $0.5 million charter termination compensation payment from Frontline. As a result of the sale, the Company expects to record a book gain of approximately $1.7 million in the third quarter of 2012.

June 4, 2012

The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda


Ship Finance (SFL) har chartered OBO Carrier "Front Rider" ud til Frontline (FRO) (FRO.OL) der har skibet under commercial Management hos Golden Ocean (GOGL.OL)- alle er John Fredriksen selskaber

http://www.shipfinance.bm/
http://www.frontline.bm/
http://www.goldenocean.no/

Foto: OBO "Front Rider" (OBO = Ore-Bulk-Oil)

FRO, FRO.OL, GOGL.OL, SFL




TRÅDOVERSIGT