Ship Finance to Sell Tankers

Thursday, December 06, 2007
Ship Finance International reportedly agreed to sell two oil tankers and ended a long-term charter deal on the vessels with Norway's Frontline Ltd., according to a Reuters report. The company has been selling a number of vessels without double hull to modernize its fleet and expand into other shipping and offshore segments. Hamilton, Bermuda-based Ship Finance said the two Suezmax tankers will reportedly be sold for $80 million, out of which $32.8 million would be paid to Frontline as compensation for ending the current charters. (Reuters)
Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

TOTE, Saltchuk Secure Financing for Marlin Class Vessels

Maritime Administration to Provide Title XI Loan Guarantee for World’s First LNG Containerships Today, the U.S. Maritime Administration (MARAD) announced a $324.

Transocean: Fleet Update Summary

Transocean Ltd. today issued a monthly fleet update summary which includes new contracts, changes to existing contracts, and changes in estimated planned out-of-service

Barczak Joins Alan C. McClure Associates

Naval architecture and engineering firm Alan C. McClure Associates (ACMA) announced today that Registered Professional Engineer Nicholas Barczakhas joined the ACMA team as a naval architect.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Repair Ship Simulators
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1240 sec (8 req/sec)