Ship Finance International Places Order for Four Containerships

Image courtesy Ship Finance International

Ship Finance International Limited (NYSE:SFL) announced late last week their plans to build four 8,700 TEU container vessels at a major shipyard in Korea. Although the shipyard was not mentioned in the SFL’s press statement, it’s likely that Daewoo Shipbuilding and Marine Engineering (DSME) won the order.  Reuters reported yesterday the shipbuilder won a 378.2 billion won (USD $337 million) order to build 4 containerships from an undisclosed shipowner.

The vessels are scheduled to be delivered to us in 4Q 2014 and 1Q 2015 according to SFL.

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.”

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