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SFL secures Chinese charters for handies

New York: Ship Finance International Limited (SFL), owner of some 60 vessels which is listed on the NYSE, has announced new time-charters for the four remaining 34,000dwt Handysize bulk carriers it has under construction in China. The vessels will be chartered to a large privately-owned Chinese industrial conglomerate at a net rate of approximately $14,000/day per vessel. The charter period is five years and expected delivery from the shipyard is currently between 3Q 2011 and 1Q 2012.?The Company has also secured bank financing for two of its recently announced 57,000dwt Supramax bulk carrier acquisitions. SFL Hudson was delivered to Ship Finance in October 2010 and SFL Yukon is expected to be delivered from the shipyard in December 2010. Both vessels are on long-term charters to an investment-grade Asia-based logistics company. [04/11/10]

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