Ship Finance Expands Its Fleet with New Containerships

Ship Finance International Limited (Ship Finance) today announced that the company has agreed to build four 8,700 TEU newbuilding container vessels at a major shipyard in Korea.

The contract price is attractive and the vessels are scheduled to be delivered to us in 4Q 2014 and 1Q 2015.

Ole B. Hjertaker, CEO of Ship Finance Management AS, said in a comment: “We are very pleased to further expand our presence in the segment with these state-of-the-art containerships. The vessels will be built to very high specifications, and will include the latest in eco-design features giving them a very competitive operational performance. The vessels will be marketed for long-term charters, and we have already seen firm interest from leading container operators.”

[mappress]

Press Release, May 24, 2013