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Home›Green Marine›SFL – Sale of the single-hull VLCC Front Vanadis
Green Marine

March 15, 2007 · about 19 years ago

SFL – Sale of the single-hull VLCC Front Vanadis

Ship Finance International Limited (NYSE:SFL) (“Ship Finance” or the “Company”), today announced that it is has agreed to sell the single-hull VLCC Front Vanadis to a subsidiary of Taiwan Maritime Transportation Co., Ltd. (“TMT” or the “Buyer”), an unrelated third party. The sale will be in the form

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Ship Finance International Limited (NYSE:SFL) (“Ship Finance” or the “Company”), today announced that it is has agreed to sell the single-hull VLCC Front Vanadis to a subsidiary of Taiwan Maritime Transportation Co., Ltd. (“TMT” or the “Buyer”), an unrelated third party. The sale will be in the form of a hire-purchase agreement, where the vessel will be chartered to the Buyer for a 3.5 years period, with a purchase obligation at the end of the charter.

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