Ship Finance International Limited
 (SFL)

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  • Jun. 4, 2012, 2:26 PM

    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.

    | Jun. 4, 2012, 2:26 PM | 3 Comments
Company Description
Ship Finance International Ltd is engaged mainly in the ownership and operation of vessels and offshore related assets. It is also involved in the charter, purchase and sale of assets.
Sector: Services
Industry: Shipping
Country: United States