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Ship Finance International snaps up Chinese bulkers

New York: John Fredriksen's Ship Finance International (SFI) has snapped up a pair of Chinese bulkers for $61m. SFI is buying the two 57,000 dwt bulkers from an undisclosed Chinese yard and they are due for delivery in the second and third quarters of 2011. The vessels will be chartered for 10 years at $16,500 daily to an Asian-based logistics company, which SFI has already agreed to charter three similar supramax bulkers to. "We are very pleased to expand our long-term relationship with a large investment-grade industrial player, and it demonstrates our ambition to continue building and renewing our fleet and charter backlog with modern assets and high-quality counterparts," said Ole B Hjertaker, ceo of SFI. [10/11/10]

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