Key Developments: Ship Finance International Ltd (SFL)

SFL on New York Consolidated

18.35USD
23 Jul 2014
Price Change (% chg)

$-0.02 (-0.11%)
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$18.37
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$19.38
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Latest Key Developments (Source: Significant Developments)

Ship Finance International announces sale of three older VLCCs
Thursday, 24 Jul 2014 07:05am EDT 

Ship Finance International Ltd:Agrees to sell 1999 built VLCCs Front Opalia, Front Comanche and Front Commerce to an unrelated third party.Also agreed to terminate the corresponding charter parties with a subsidiary of Frontline Ltd.Vessels are expected to be delivered to the new owners in the fourth quarter of 2014.Ship Finance expects to receive cash proceeds of about $77.5 mln, including about $10.5 mln upfront payment from Frontline.  Full Article

Ship Finance International declares Q1 2014 dividend
Tuesday, 27 May 2014 08:20am EDT 

Ship Finance International Ltd:Declares an increased quarterly cash dividend of $0.41 per share for Q1 2014.The dividend will be paid on or about June 30.Record date June 12.Ex-dividend date June 10.  Full Article

Ship Finance International announces two dry-bulk carriers acquisition and new charters
Friday, 23 May 2014 07:56am EDT 

Ship Finance International Ltd:To acquire two 82,000 dwt Kamsarmax dry-bulk carriers built in 2012, in combination with long-term time-charters to a state-owned Chinese charterer.Expects delivery within next two months.Estimated aggregate annual EBITDA contribution from the vessels about $7 million on average during an eight-year charter period.Announces long-term time-charters for four 8,700 teu newbuilding container vessels, currently under construction in Korea.Charter period seven years from delivery of each vessel.Estimated annual EBITDA contribution from the vessels about $46 million in aggregate.  Full Article

Ship Finance International to acquire container vessels in combination with long-term charters
Tuesday, 11 Mar 2014 05:00am EDT 

Ship Finance International Ltd:To acquire two 5,800 teu post-panamax container vessels built in 2001/2002 in combination with long-term charters.Vessels are expected to be delivered to SFL within next few weeks.Annual EBITDA contribution is estimated to be about $5.5 million on average during charter period.Charters include purchase option with profit share after five years.  Full Article

Ship Finance International Ltd announces placement of senior unsecured bond
Wednesday, 5 Mar 2014 09:25am EST 

Ship Finance International Ltd:Placed a five-year senior unsecured bond in the Norwegian credit market with a quarterly coupon of NIBOR + 4.10 % p.a.Principal amount of the notes is 900 million Norwegian Krone, which is equivalent to about $150 million.Proceeds from the bond issue will be used to refinance existing debt and for general corporate purposes.  Full Article

Ship Finance International Ltd intends to issue new bonds
Wednesday, 5 Mar 2014 03:18am EST 

Ship Finance International Ltd:Intends to issue new bonds in Norwegian bond market with maturity in March 2019.Minimum borrowing amount equivalent to about $100 mln.Proceeds from bonds are expected to be used to refinance existing debt and for general corporate purposes.  Full Article

Ship Finance International Ltd announces acquisition of seven container vessels in combination with long-term charters
Monday, 3 Mar 2014 05:22am EST 

Ship Finance International Ltd:Agreed to acquire seven 4,100 teu container vessels built in 2002 in combination with long-term charters to container line operator.  Full Article

Ship Finance International acquire container vessels in combination with long-term charters
Monday, 3 Mar 2014 05:15am EST 

Ship Finance International Ltd:Acquires seven 4,100 teu container vessels built in 2002 in combination with long-term charters to a container line operator.Expects vessels to be delivered over the course of the next few weeks.Estimates annual EBITDA contribution to be about $10 million on average during the charter period.Says the charters include a purchase option with profit share after about 5.4 years on average.  Full Article

Ship Finance International Ltd declares quarterly cash dividend
Thursday, 27 Feb 2014 09:09am EST 

Ship Finance International Ltd:Declares an increased quarterly cash dividend of $0.40 per share.The dividend will be paid on or about March 28 to shareholders of record as of March 12.The ex-dividend date will be March 10.  Full Article

Ship Finance International Ltd declares third quarter dividend
Wednesday, 27 Nov 2013 08:19am EST 

Ship Finance International Ltd:Says it has declared a quarterly cash dividend of $0.39 per share.Says dividend will be paid on or about Dec. 30, 2013 to shareholders of record as of Dec. 12, 2013.The ex-dividend date will be Dec. 10, 2013.  Full Article

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