Ship Finance International (SFL -4%)) agrees to sell its 20-year old combination carrier Front Rider to an unrelated third party, while simultaneously agreeing to terminate the corresponding charter party with a subsidiary of Frontline Ltd (FRO -7.7%). SFL will receive approximately $10.2M, including a $500k charter termination compensation payment from FRO, and book gain of approximately $1.7M in Q312.
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