United States

Ship Finance International Ltd (SFL)

SFL on New York Consolidated

27 Jul 2016
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$-0.25 (-1.65%)
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Fri, Jul 22 2016

BRIEF-Ship Finance International agrees to amend terms with Deep Sea Supply PLC

* DESS and BTG have now agreed that dess will acquire remaining shares in DESS BTG, with settlement in shares, warrants and some cash

BRIEF-Ship Finance Q1 earnings per share $0.50

* Reported net operating income pursuant to u.s. Gaap for quarter was $57.2 million, or $0.61 per share

BRIEF-Oil tanker firm Frontline terminates charter contract with Ship Finance

* Has agreed with Ship Finance to terminate the long-term charter for the 1998-built VLCC Front Vanguard. Ship Finance has simultaneously sold the vessel to an unrelated third party.

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