SHIP FINANCE

SFL Yearns for Asset Acquirement After a Promising Second Quarter

The ship-leasing company turned in decent numbers in the second quarter while acquiring new liner vessels and signaling its appetite for further asset acquisitions, reports The Motley Fool.

Diversified asset base by SFL

Bermuda-based Ship Finance International (NYSE:SFL) continued to reap rewards from a diversified asset base in its earnings report released on August 20.

The maritime specialist, which leases out a fleet of 89 vessels and rigs under long-term charter contracts, also added to its...

http://mfame.guru/sfl-yearns-for-asset-acquirement-after-a-promising-second-quarter/

Banks push the box lines to reduce emissions, while air cargo procrastinates

Box lines are set to come under more environmental pressure, following a decision by major banks to factor emissions into lending decisions. 
Eleven major banks, with total loan portfolios to global shipping worth some $100bn, will add climate considerations into lending decisions to incentivise industry decarbonisation. 
The banks will use the Poseidon Principles as a framework for assessing the sector. They are consistent with the IMO’s Greenhouse Gases Strategy, which states that emissions...

https://theloadstar.com/banks-push-the-box-lines-to-reduce-emissions-while-air-cargo-procrastinates/

‘Chartering Manual’ makes a big splash

‘Chartering Manual’ makes a big splash

By John Faraclas

This specialist shipbroking book is now the fifth volume* residing on my bedside table!

You all know how particular I become – and I am on many issues and in relation to the many books I read and then study – also for reviewing same with the allaboutshipping team and with other colleagues in the past.

Now this book could appear at no better time and serves both as a beacon of intelligence, having in-depth analysis and explanations of various...

http://www.allaboutshipping.co.uk/2019/05/05/chartering-manual-makes-a-big-splash/

Ship Finance acquires two 19,400 TEU container vessels

Ship Finance International Limited (“Ship Finance” or the “Company”) announces that it has acquired two 2016-built 19,400 TEU container vessels and contracted the vessels until late 2033, or for nearly 15 years, to a leading container line on long term bareboat charters. The contracts increase the Company’s fixed rate charter backlog by nearly $470 million, and the charterer has agreed to purchase obligations at the end of the charter period, effectively eliminating residual risk.

Ole B....

http://container-news.com/ship-finance-acquires-container-vessels/

SFL enters into three lease financing agreements

Ship Finance International Limited (“Ship Finance” or the “Company”) has entered into lease financing agreements (each, a “Lease Financing”) totaling $270 million with an Asian-based institution to finance three 10,600 TEU container vessels acquired in 2018. The vessels are employed under long term time charters to Maersk Line until 2024, with options to extend the charters by up to four additional years.

Each Lease Financing has a term of more than 10 years, with an option to purchase the...

http://container-news.com/sfl-lease-financing-agreements-2/

Ship Finance reports Q3 financial results

Ship Finance International Limited (NYSE: SFL) – Earnings Release

Reports preliminary Q3 2018 results and quarterly cash dividend of $0.35 per share

Ship Finance International Limited (“Ship Finance” or the “Company”) yesterday (Nov. 20) announced its preliminary financial results for the quarter ended September 30, 2018.

Highlights

  • Declaration of third quarter dividend of $0.35 per share, the Company’s 59th consecutive quarterly dividend

  • Operating revenue of $111 million and net income of $30...

http://container-news.com/ship-finance-financial-results/

Ship Finance enters into $400m lease financing agreements

Ship Finance International Limited (NYSE: SFL) (“Ship Finance” or the “Company”) announces that it has entered into lease financing agreements (each, a “Lease Financing”) totaling $400 million with an Asian-based institution to finance four 14,000 TEU container vessels acquired in May 2018. The vessels are employed under long term time charters to Evergreen Marine Corporation (Taiwan) Ltd. (“Evergreen”) until 2024, with options to extend the charters by 18 additional months.

Each Lease Financing...

http://container-news.com/sfl-lease-financing-agreements/

+ More