SFL - Appointment of Gary S. Vogel as Director and delivery of a 19,200 TEU container vessel
December 21 2016 - 9:10AM
Ship Finance International Limited (NYSE: SFL)
("Ship Finance" or the "Company"), today announced the appointment
of Mr. Gary S. Vogel to the Board of Directors to fill a vacancy on
the Board.
Mr. Vogel (50) has a long career in the dry bulk
shipping market and is currently Chief Executive Officer of Eagle
Bulk Shipping Inc, a US-listed owner and operator of geared dry
bulk vessels. Previously Mr. Vogel served as CEO of Clipper Group
in Denmark. For further biographical information, please visit the
Company's website www.shipfinance.bm.
Hans Petter Aas, Chairman in Ship Finance, said
in a comment: "We are very pleased that Mr. Vogel has accepted a
directorship in Ship Finance. I am confident that his broad
international background and experience both in the dry bulk market
and the capital markets will make a good contribution to the
continued growth and diversification of Ship Finance."
The Company has today also taken delivery of MSC
Anna, the first of two 19,200 TEU container vessels from Huyndai
Heavy Industries, Korea. The vessel is chartered out for a period
of 15 years, and lease financing has been secured for the full term
of the charter. The second vessel is expected to be delivered in
the first quarter of 2017.
The Board of DirectorsShip Finance International
LimitedHamilton, Bermuda
About Ship FinanceShip Finance
International Limited (NYSE: SFL) has an unprecedented track record
in the maritime industry, being consistently profitable and paying
dividends every quarter since 2004. The Company's fleet of more
than 70 vessels is split between tankers, bulkers, container
vessels and offshore assets, and Ship Finance's long term
distribution capacity is supported by a portfolio of long term
charters and significant growth in the asset base over time.
More information can be found on the Company's
website: www.shipfinance.bm
Cautionary Statement Regarding Forward
Looking StatementsThis press release may contain forward
looking statements. These statements are based upon various
assumptions, many of which are based, in turn, upon further
assumptions, including Ship Finance management's examination of
historical operating trends. Although Ship Finance believes that
these assumptions were reasonable when made, because assumptions
are inherently subject to significant uncertainties and
contingencies which are difficult or impossible to predict and are
beyond its control, Ship Finance cannot give assurance that it will
achieve or accomplish these expectations, beliefs or intentions.
Important factors that, in the Company's view, could cause actual
results to differ materially from those discussed in this
presentation include the strength of world economies and
currencies, general market conditions including fluctuations in
charter hire rates and vessel values, changes in demand in the
tanker market as a result of changes in OPEC's petroleum production
levels and worldwide oil consumption and storage, changes in the
Company's operating expenses including bunker prices, dry-docking
and insurance costs, changes in governmental rules and regulations
or actions taken by regulatory authorities, potential liability
from pending or future litigation, general domestic and
international political conditions, potential disruption of
shipping routes due to accidents or political events, and other
important factors described from time to time in the reports filed
by the Company with the United States Securities and Exchange
Commission.
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