Profile: Ship Finance International Ltd (SFL)

Ship Finance International Limited (Ship Finance), incorporated on October 10, 2003, is engaged primarily in the ownership and operation of vessels and offshore related assets, and also involved in the charter, purchase and sale of assets. It operates through subsidiaries, partnerships and branches located in Bermuda, Cyprus, Malta, Liberia, Norway, the United States of America, Singapore, the United Kingdom and the Marshall Islands. It is an international ship owning and chartering company with asset bases across the maritime and offshore industries. As of April 17, 2012, its assets consisted of 27 oil tankers, five oil/bulk/ore carriers configured to carry drybulk cargo, ten drybulk carriers, eleven container vessels (including two chartered-in 13,800 twenty-foot equivalent units (TEU) vessels), one jack-up drilling rig, three ultra-deepwater drilling units, six offshore supply vessels and two chemical tankers. In January 2011, it acquired 2007-built jack-up drilling rig Soehanah.

In April 2011, the Company sold the OBO carrier Front Leader. In May 2011, it sold the OBO carrier Front Breaker. In October 2011, it sold the OBO carrier Front Striver. Medium to long-term charters have been secured for the two newbuilding drybulk carriers and the four newbuilding container vessels. As of December 31, 2011, its customers included Frontline, Seadrill, North China Shipping Holdings Co. Ltd., Sinochem Shipping Co. Ltd., Heung-A Shipping Co. Ltd., Deep Sea, CMA CGM SA, Hyundai Glovis Co. Ltd., Western Bulk, Hong Xiang Shipping, Hamburg Sd Group, NYK Line and PT Apexindo Pratama Duta.