Nyheter for Ship Finance International Limited

SFL - Closing of charter amendments with Frontline Ltd.

Company news

2012-01-03 10:30:03

Press release from Ship Finance International Limited, January 3, 2012

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or the "Company"),
today announced that it has successfully completed the previously announced
amendments to the chartering agreements with Frontline Ltd. ("Frontline").

Ship Finance has agreed to temporarily reduce the charter rates by $6,500 per
day per vessel from 2012 through 2015, and thereafter revert to previous charter
rate levels.

Frontline has paid a cash compensation of $106 million to Ship Finance. In
addition there will be a cash sweep feature, whereby Ship Finance will receive
100% of vessel earning up to the old base rates. The old profit share
arrangement has been improved from 20% to 25%, and will be calculated from the
old threshold levels. Of the $106 million upfront payment, $50 million is a non-
refundable, early payment of profit split for revenues above the old threshold
levels. The cash sweep and the profit split will be payable on an annual basis,
as before.

Following the agreement with Frontline, Ship Finance has prepaid $156 million of
related bank financing, of which $106 million represents the cash compensation
from Frontline. Consequently, the bank financing relating to the vessels has
been reduced from approximately $740 million to approximately $584 million at
year-end 2011.The net effect of this significant debt reduction is considerably
lower debt service payments for Ship Finance going forward, and for 2012 alone
we estimate debt service to be reduced by approximately $40 million. If
Frontline generates market revenues in line with the previous base rates, the
cash sweep payments alone may give a positive net effect of approximately $0.20
per share per quarter, or double the previous net contribution from Frontline.


January 3, 2011

The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda



 Questions should be directed to:
Investor and Analyst Contacts:
Eirik Eide, Chief Financial Officer, Ship Finance Management AS
+47 23114006 / +47 95008921

Magnus T. Valeberg, Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960


Media Contact:
Ole B. Hjertaker, Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243


About Ship Finance

Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 69
vessels, including 25 crude oil tankers (VLCC and Suezmax), two chemical
tankers, five oil/bulk/ore vessels, 11 drybulk carriers including six
newbuildings, 15 container vessels including four newbuildings, six offshore
supply vessels, one jack-up drilling rig, one ultra-deepwater drillship and two
ultra-deepwater semi-submersible drilling rigs. The fleet is one of the largest
in the world and most of the vessels are employed on long-term charters.

More information can be found on the Company's website: www.shipfinance.org



Cautionary Statement Regarding Forward Looking Statements

This 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.






This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1574723]

SFL - Adjusted agreement with a recapitalized Frontline Ltd.

Company news

2011-12-06 10:00:04

Press release from Ship Finance International Limited, December 6, 2011

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or the "Company"),
today announced that it has agreed, subject to final board and bank financing
approvals,  to amend the terms of the long-term chartering agreements with
Frontline Ltd. ("Frontline").

This will happen concurrently with a proposed recapitalization of Frontline,
where some of their assets will be sold and a significant capital commitment
relating to newbuildings will be transferred to a new company to be established,
Frontline 2012 ("Frontline 2012").  Frontline's balance sheet will be
strengthened and the current uncertainty relating to its liquidity position and
bank covenant compliance will be removed.

At the same time, all of Frontline's tonnage providers, including Ship Finance,
have been requested to reduce the base charter rates in order for the
restructured Frontline to manage through a potentially very weak spot tanker
market in the short to medium term. For Ship Finance, the preliminary agreement
is to reduce the base charter rates by $6,500 per day per vessel from 2012
through 2015, and thereafter revert to previous charter rate levels.

Ship Finance will receive a restructuring compensation of $106 million in cash
from Frontline, including the release of $56 million restricted cash currently
serving as security for their charter payments to us. The remaining $50 million
will be an early payment of profit split, and will effectively be used to offset
future profit split revenues over and above the old base rate.

There will also be an adjustment to the profit split calculation whereby Ship
Finance will get 100% up to the old base rate levels, and 25% profit split above
that. The profit split will be payable on an annual basis as before.

In addition to the $106 million cash payment from Frontline, we plan to use an
additional $50 million to prepay on bank financing, with corresponding reduced
interest and loan amortization. The net effect of this significant debt
reduction and new charter arrangement is that the cashflow from these vessels
will at a minimum cover the debt service, even at the reduced base rate, for the
next four years.

At year-end 2011, the bank financing relating to the 28 Frontline vessels will
then be reduced from approximately $740 million to approximately $584 million.
This is just a marginal level above current scrap values for the vessels, and we
will continue to amortize down the debt further according to schedule.

Currently, the net contribution from the Frontline vessels, after debt service,
is approximately $8 million per quarter, or approximately $0.10 per share. It is
expected that the near-term dividends will be adjusted to reflect a reduced net
cash-flow, potentially reducing the base dividend to approximately $0.25 per
share for the next quarter. If the market is higher than the new reduced base
charter rates, significant additional cash will be generated with the potential
to increase SFL's dividend in the future. Any final decision to pay dividends,
and the amount of such dividends, is made by the Board of Directors on a quarter
by quarter basis.

CEO of Ship Finance Management AS, Ole B. Hjertaker said in a comment:  "The
uncertainty relating to Frontline has been negative for our Company and a
potential default on their chartering obligations could be dramatic for us. It
has been a difficult process for all involved parties, but we feel that the
outlined solution will, if accepted, give our Company a solid footing under our
large tanker exposure in what is a very difficult time for the tanker industry.
We will receive base charter rates which are clearly in excess of what can be
achieved in the market today and we will have a solid counterpart with a good
liquidity position and low cash break-even rates.

In a positive market scenario, we will have the potential to recover more than
the original agreed charter payments through an improved profit share agreement.
Since the establishment of Ship Finance in 2004, we have received more than $500
million in profit sharing from Frontline. It has enabled the Company to grow and
diversify the asset base much faster than originally anticipated with
corresponding higher dividend capacity. This clearly illustrates the value of
optionality in the tanker market.

The uncertainty regarding our tanker exposure should then be dramatically
reduced, and the foundation for a long term dividend capacity with additional
upside potential should be established."

The outlined structure is subject to final board approval, and also approval by
the financing banks in Ship Finance and Frontline, respectively, with a deadline
of December 31, 2011.


December 6, 2011

The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda



 Questions should be directed to:
Investor and Analyst Contacts:
Eirik Eide, Chief Financial Officer, Ship Finance Management AS
+47 23114006 / +47 95008921

Magnus T. Valeberg, Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960


Media Contact:
Ole B. Hjertaker, Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243


About Ship Finance

Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 69
vessels, including 25 crude oil tankers (VLCC and Suezmax), two chemical
tankers, five oil/bulk/ore vessels, 11 drybulk carriers including six
newbuildings, 15 container vessels including four newbuildings, six offshore
supply vessels, one jack-up drilling rigs, one ultra-deepwater drillship and two
ultra-deepwater semi-submersible drilling rigs. The fleet is one of the largest
in the world and most of the vessels are employed on long-term charters.

More information can be found on the Company's website: www.shipfinance.org



Cautionary Statement Regarding Forward Looking Statements

This 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.







This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1569394]

SFL - 3Q 2011 Presentation

Company news

2011-11-23 16:00:02

Press release from Ship Finance International Limited November 23, 2011

Please find enclosed the presentation of the preliminary third quarter results
to be held November 23, 2011 in the link below.

Also, a short webcast presentation of accounting items is available at the
following link:
http://www.media-server.com/m/p/n746axyc




Presentation of 3rd quarter 2011 results:
http://hugin.info/134876/R/1566184/486270.pdf




This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1566184]

SFL - Third Quarter 2011 Results

Company news

2011-11-23 14:30:03

Ship Finance International Limited (NYSE: SFL) - Earnings Release

Reports preliminary 3Q 2011 results and quarterly dividend of $0.39 per share

Hamilton, Bermuda, November 23, 2011. Ship Finance International Limited ("Ship
Finance" or the "Company") today announced its preliminary financial results for
the quarter ended September 30, 2011.

Highlights

* The Board of Directors declared a quarterly dividend of $0.39 per share.
* Adjusted net income for the quarter was $31.4 million, or $0.40 per share,
excluding a negative $2.4 million non-cash mark-to-market of derivatives,
and $1.6 million reversal of previously accrued profit share.
* In September 2011, the Company agreed to sell its three remaining non-double
hull tankers with delivery to the new owner in 2012 and 2013.
* In October 2011 the Company sold a 1992-built combination carrier.
* The Company took delivery of two newbuilding dry bulk carriers in the third
quarter. Both vessels are chartered out on long-term time charters.
* Long-term financing has been arranged for all vessels under construction,
with significant positive liquidity effect for the Company in the fourth
quarter.



Dividends and Results for the Quarter Ended September 30, 2011

The Board of Directors has declared a quarterly cash dividend of $0.39 per
share. Ship Finance has now paid dividends for 31 consecutive quarters. The
dividend will be paid on or about December 29, 2011 to shareholders of record as
of December 13, 2011. The ex-dividend date will be December 9, 2011.

The Company reported total U.S. GAAP operating revenues on a consolidated basis
of $73.3 million, or $0.93 per share, in the third quarter of 2011. This number
excludes $24.4 million of charter hire classified as 'repayment of investments
in finance lease', and also excludes $102.1 million of charter revenues earned
by assets classified as 'investment in associate'.

As a result of a continued weak tanker spot market, there was a negative
adjustment of approximately $1.6 million of previously accrued profit share
related to the vessels on charter to Frontline. The accumulated profit share as
of the second quarter was approximately $2.4 million, which has now been reduced
to approximately $0.8 million as of the third quarter. The profit share for the
year cannot be negative, but there is a risk that some or all of the remaining
accrued profit share may have to be reversed in the fourth quarter, depending on
the actual charter rates in the quarter.

Reported net operating income pursuant to U.S. GAAP for the quarter was $38.0
million, or $0.48 per share, and reported net income was $27.5 million, or $0.35
per share.

Ole B. Hjertaker, Chief Executive Officer of Ship Finance Management AS said in
a comment: "This has been a steady quarter of operations for Ship Finance, where
we have taken delivery of two newbuilding dry-bulk vessels on time and on
budget. Both vessels entered their long-term charter contracts immediately after
delivery, with full cash flow effect from the fourth quarter.

In addition to 59 vessels on the water, we have 10 vessels under construction,
including six dry-bulk carriers and four container vessels. All newbuildings
have already been fixed on long-term charters from delivery."

Mr. Hjertaker continued: "We are very pleased to have arranged long-term
financing for all our newbuildings, with nearly $90 million positive cash effect
for the Company in the fourth quarter alone. While the spot tanker market was
very soft in the third quarter, SFL's fleet of assets is now diversified across
multiple segments, with a substantial portion of our cash flow generated from
the offshore sector."



The full report can be found in the link below



November 23, 2011
The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda



Questions should be directed to:

Investor and Analyst Contact:

Eirik Eide, Chief Financial Officer, Ship Finance Management AS
+47 23114006 / +47 95008921

Magnus T. Valeberg: Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960

Media Contact:

Ole B. Hjertaker, Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243



Forward Looking Statements

This press release contains 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, data contained in the Company's records and other data
available from third parties. 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 our view, could cause actual results to differ
materially from those discussed in the forward-looking statements include the
strength of world economies, fluctuations in currencies and interest rates,
general market conditions including fluctuations in charter hire rates and
vessel values, changes in demand in the markets in which we operate, changes in
demand resulting from changes in OPEC's petroleum production levels and
worldwide oil consumption and storage, developments regarding the technologies
relating to oil exploration, changes in market demand in countries which import
commodities and finished goods and changes in the amount and location of the
production of those commodities and finished goods, increased inspection
procedures and more restrictive import and export controls, changes in our
operating expenses, including bunker prices, drydocking and insurance costs,
performance of our charterers and other counterparties with whom we deal, timely
delivery of vessels under construction within the contracted price, 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 Securities and
Exchange Commission.




Third Quarter 2011 Results:
http://hugin.info/134876/R/1566152/486247.pdf




This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1566152]

SFL - Invitation to Presentation of 3Q 2011 Results

Company news

2011-11-21 14:20:03

Ship Finance International Limited ("Ship Finance") (NYSE: SFL) plans to release
its preliminary financial results for third quarter 2011 on Wednesday November
23, 2011.

The Company plans to host a conference call and a webcast for all shareholders
and interested parties on Wednesday November 23, 2011 at 10:00 AM (EST) / 4:00
PM (Central European Time). Relevant material will be available from the
Investor Relations section at www.shipfinance.org as of the same day.

In order to listen to the presentation you may do one of the following:

a. Webcast
Go to the Investor Relations section atwww.shipfinance.org and click on the link
to "Webcast". To listen to the conference call from the web, you need to have
installed Windows Media Player, and you need to have a sound card on your
computer.

b. Conference Call
Participants dial in numbers:
US Toll Free #             1-877-280-2296

International Dial In #           +44 203 140 8286

Norwegian Toll Free # 80056054



Conference ID: 6481294

 There will be a Q&A session after the presentation. Information on how to ask
questions will be given at the beginning of the Q&A session.

A replay of the conference call will be available until November 30, 2011 by
dialing:

US Toll Free #            1-866-932-5017

International Dial In #           +44 207 111 1244



The replay access code is: 6481294#



Investor and Analyst Contacts:
Eirik Eide, Chief Financial Officer, Ship Finance Management AS
+47 23114006 / +47 95008921
Magnus T. Valeberg, Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960


Media Contact:
Ole B. Hjertaker, Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243



About Ship Finance
Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 69
vessels, including 25 crude oil tankers (VLCC and Suezmax), two chemical
tankers, five oil/bulk/ore vessels, 11 drybulk carriers including six
newbuildings, 15 container vessels including four newbuildings, six offshore
supply vessels, one jack-up drilling rigs, one ultra-deepwater drillship and two
ultra-deepwater semi-submersible drilling rigs. The fleet is one of the largest
in the world and most of the vessels are employed on long-term charters.
More information can be found on the Company's website: www.shipfinance.org


Cautionary Statement Regarding Forward Looking Statements
This 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.






This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1565384]

SFL - Sale of vessel and charter termination compensation from Frontline

Company news

2011-10-20 08:30:03

Press release from Ship Finance International Limited, October 20, 2011

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or the "Company"),
today announced that it has agreed to sell the 20-year old combination carrier
Front Striver to an unrelated third party and has simultaneously agreed to
terminate the corresponding charter party with a subsidiary of Frontline Ltd.
("Frontline").

Delivery to the new owner is expected to be in October 2011 and Ship Finance
expects to receive net proceeds of approximately $18.7 million including a $8.1
million charter termination compensation payment from Frontline. As a result of
the sale, the Company expects to record a book gain of approximately $2.3
million in the fourth quarter of 2011.


October 20, 2011

The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda


 Questions should be directed to:

Investor and Analyst Contacts:
Eirik Eide, Chief Financial Officer, Ship Finance Management AS
+47 23114006 / +47 95008921

Magnus T. Valeberg, Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960


Media Contact:
Ole B. Hjertaker, Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243


About Ship Finance

Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 72
vessels, including 28 crude oil tankers (VLCC and Suezmax), two chemical
tankers, five oil/bulk/ore vessels, 12 drybulk carriers including seven
newbuildings, 15 container vessels, six offshore supply vessels, one jack-up
drilling rigs, one ultra-deepwater drillship and two ultra-deepwater semi-
submersible drilling rigs. The fleet is one of the largest in the world and most
of the vessels are employed on long-term charters.

More information can be found on the Company's website: www.shipfinance.org





Cautionary Statement Regarding Forward Looking Statements

This 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.






This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1556386]

SFL - 2011 Annual General Meeting

Company news

2011-09-26 14:40:02

Ship Finance International Limited (the "Company") advises that the 2011 Annual
General Meeting of the Company was held on September 23, 2011 at 12:10 p.m. at
the Elbow Beach Hotel, 60 South Shore Road, Paget PG04, Bermuda.  The following
resolutions were passed:


1)      To re-elect Hans Petter Aas as a Director of the Company.

2)      To re-elect Paul Leand, Jr., as a Director of the Company.

3)      To re-elect Kate Blankenship as a Director of the Company.

4)      To re-elect Cecilie Fredriksen as a Director of the Company.

5)   To elect Harald Thorstein as a Director of the Company.

6)   To re-appoint Moore Stephens, P.C. as auditors and to authorize the
Directors to determine their remuneration.

7)   That the remuneration payable to the Company's Board of Directors of a
total amount of fees not to exceed US$550,000.00 be approved for the year ended
December 31, 2011.


In addition, the audited consolidated financial statements for Ship Finance
International Limited for the year ended December 31, 2010 were presented to the
Meeting.



Hamilton, Bermuda
September 23, 2011



About Ship Finance
Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 73
vessels, including 28 crude oil tankers (VLCC and Suezmax), two chemical
tankers, six oil/bulk/ore vessels, 12 drybulk carriers including seven
newbuildings, 15 container vessels, six offshore supply vessels, one jack-up
drilling rigs, one ultra-deepwater drillship and two ultra-deepwater semi-
submersible drilling rigs. The fleet is one of the largest in the world and most
of the vessels are employed on long-term charters.
More information can be found on the Company's website: www.shipfinance.org


Cautionary Statement Regarding Forward Looking Statements
This 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.






This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1549714]

SFL - Citi 2011 Global Industrials Conference

Company news

2011-09-16 11:30:04

Press release from Ship Finance International Ltd. September 16, 2011

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or "SFL")
announced today that Ole B. Hjertaker, CEO, will present at the Citi 2011 Global
Industrials Conference in Boston. The presentation will take place on September
21, 2011 at 10:30am (EST).

A live audio webcast of the presentation can be found at the following link:
http://www.veracast.com/webcasts/citigroup/industrials2011/26104485.cfm

The link to the audio webcast will be live just prior to the start of the
presentation. A replay of the audio webcast will be available through our
website http://www.shipfinance.org for 90 days.



About Ship Finance
Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 73
vessels, including 28 crude oil tankers (VLCC and Suezmax), two chemical
tankers, six oil/bulk/ore vessels, 11 drybulk carriers including eight
newbuildings, 15 container vessels, six offshore supply vessels, one jack-up
drilling rigs, one ultra-deepwater drillship and two ultra-deepwater semi-
submersible drilling rigs. The fleet is one of the largest in the world and most
of the vessels are employed on long-term charters.
More information can be found on the Company's website: www.shipfinance.org


Cautionary Statement Regarding Forward Looking Statements
This 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.






This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1547224]

SFL - Sale of remaining single hull VLCCs

Company news

2011-09-13 12:40:04

Press release from Ship Finance International Limited, September 13, 2011

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or the "Company")
announces that it has agreed to sell its three remaining single hull vessels to
an unrelated third party for a total net sales price of approximately $72.7
million. Concurrently with the sale, Ship Finance has agreed to terminate the
corresponding charters to Frontline Ltd. ("Frontline").

The estimated delivery of Titan Orion, Titan Aries, and Ticen Ocean to the new
owner will be in 1Q 2012, 4Q 2012 and 3Q 2013, respectively. Frontline will
receive an aggregate compensation of approximately $26.2 million for the
termination of the current charters, or approximately $8.7 million per vessel on
average.

As a result of the sale, Ship Finance expects to record an average book gain of
approximately $3.2 million per vessel at the time of delivery to the new owner.

The disposal of older vessels is in line with the Company's strategy of
maintaining a young and modern fleet and the liquidity that will be released in
connection with the sale is expected to be reinvested in new projects.

September 13, 2011
The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda


About Ship Finance
Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 73
vessels, including 28 crude oil tankers (VLCC and Suezmax), two chemical
tankers, six oil/bulk/ore vessels, 12 drybulk carriers including seven
newbuildings, 15 container vessels, six offshore supply vessels, one jack-up
drilling rig, one ultra-deepwater drillship and two ultra-deepwater semi-
submersible drilling rigs. The fleet is one of the largest in the world and most
of the vessels are employed on long-term charters.
More information can be found on the Company's website: www.shipfinance.org


Cautionary Statement Regarding Forward Looking Statements
This 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.






This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1546058]

SFL - Jefferies Global Shipping Conference

Company news

2011-09-05 14:40:03

Press release from Ship Finance International Ltd. September 5, 2011

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or "SFL")
announced today that Eirik Eide, CFO, will present at the Jefferies Global
Shipping Conference. The presentation will take place on September 7, 2011 at
2:00pm (EST).

A live audio webcast of the presentation can be found at the following link:
http://www.wsw.com/webcast/jeff63/sfl/

The link to the audio webcast will be live just prior to the start of the
presentation. A replay of the audio webcast will be available through our
website http://www.shipfinance.org for 90 days.



About Ship Finance
Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 73
vessels, including 28 crude oil tankers (VLCC and Suezmax), two chemical
tankers, six oil/bulk/ore vessels, 11 drybulk carriers including eight
newbuildings, 15 container vessels, six offshore supply vessels, one jack-up
drilling rigs, one ultra-deepwater drillship and two ultra-deepwater semi-
submersible drilling rigs. The fleet is one of the largest in the world and most
of the vessels are employed on long-term charters.
More information can be found on the Company's website: www.shipfinance.org


Cautionary Statement Regarding Forward Looking Statements
This 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.






This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1544048]

SFL - 2Q 2011 Presentation

Company news

2011-08-25 15:50:03

Press release from Ship Finance International Limited August 25, 2011

Please find enclosed the presentation of the preliminary second quarter results
to be held May 23, 2011 in the link below.

Also, a short webcast presentation of accounting items is available at the
following link: http://www.media-server.com/m/p/4s2wbzg5



Presentation of 2nd quarter 2011 results:
http://hugin.info/134876/R/1541317/471537.pdf




This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1541317]

SFL - Second Quarter 2011 Results

Company news

2011-08-25 14:20:02

Ship Finance International Limited (NYSE: SFL) - Earnings Release

Reports preliminary 2Q 2011 results and quarterly dividend of $0.39 per share

Hamilton, Bermuda, August 25, 2011. Ship Finance International Limited ("Ship
Finance" or the "Company") today announced its preliminary financial results for
the quarter ended June 30, 2011.

Highlights

* The Board of Directors declared a quarterly dividend of $0.39 per share.
* Net income for the quarter was $41.5 million, or $0.52 per share, including
an accrued profit share in the second quarter of $0.2 million.
* Two old combination carriers and a jack-up drilling rig were sold in the
quarter with an aggregate gain on sales of approximately $9.9 million.
* The Company took delivery of the second 2010-built 13,800 teu container
vessel to CMA-CGM with 15-year time charter.
* The Company contracted four newbuilding 4,800 teu container vessels in the
quarter. Delivery is scheduled in 2013 and the vessels have already been
chartered out for seven years from delivery.
* Bank financing has been arranged for all vessels under construction and is
expected to be higher than the remaining yard installments.



Dividends and Results for the Quarter Ended June 30, 2011

The Board of Directors has declared a quarterly cash dividend of $0.39 per
share. Ship Finance has now paid dividends for 30 consecutive quarters. The
dividend will be paid on or about September 29, 2011 to shareholders of record
as of September 9, 2011. The ex-dividend date will be September 7, 2011.

The Company reported total U.S. GAAP operating revenues on a consolidated basis
of $73.8 million, or $0.93 per share, in the second quarter of 2011. This number
excludes $25.0 million of charter hire classified as 'repayment of investments
in finance lease', and also excludes $104.3 million of charter revenues earned
by assets classified as 'investment in associate'.

The profit share income in the second quarter was $0.2 million compared to $2.3
million in the first quarter of 2011. The reduced profit share was a result of a
continued weak tanker market in the second quarter. The Company recorded a gain
on sale of assets of $9.9 million in the quarter, including $4.1 million
classified as 'gain on sale of associate' related to the sale of a jack-up
drilling rig accounted for as 'investment in associate'.

Reported net operating income pursuant to U.S. GAAP for the quarter was $44.6
million, or $0.56 per share, and reported net income was $41.5 million, or $0.52
per share.

Ole B. Hjertaker, Chief Executive Officer of Ship Finance Management AS said in
a comment: "This has been another active quarter for the Company, where we have
taken delivery of a 13,800 teu container vessel, contracted four newbuilding
4,800 teu container vessels and sold one jack-up drilling rig and two older
combination carriers. We have also sourced financing for the whole newbuilding
program, where net proceeds from the financing will exceed remaining
installments."

Mr. Hjertaker continued: "We continue to develop our fleet and backlog of fixed
rate charters, which as of June 30, 2011 was approximately $6.9 billion, and
with more than 11 years of remaining charter term if weighted by charter
revenue. The Company has a strong balance sheet and the recently announced
financings demonstrate our premium access to the capital markets. We are
therefore well positioned for continued selective growth within our core
segments, while always maintaining our conservative profile".



The full report can be found in the link below.



August 25, 2011
The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda








Questions should be directed to:



Investor and Analyst Contact:

Eirik Eide, Chief Financial Officer, Ship Finance Management AS
+47 23114006 / +47 95008921

Magnus T. Valeberg: Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960



Media Contact:

Ole B. Hjertaker, Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243





Forward Looking Statements

This press release contains 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, data contained in the Company's records and other data
available from third parties. 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 our view, could cause actual results to differ
materially from those discussed in the forward-looking statements include the
strength of world economies, fluctuations in currencies and interest rates,
general market conditions including fluctuations in charter hire rates and
vessel values, changes in demand in the markets in which we operate, changes in
demand resulting from changes in OPEC's petroleum production levels and
worldwide oil consumption and storage, developments regarding the technologies
relating to oil exploration, changes in market demand in countries which import
commodities and finished goods and changes in the amount and location of the
production of those commodities and finished goods, increased inspection
procedures and more restrictive import and export controls, changes in our
operating expenses, including bunker prices, drydocking and insurance costs,
performance of our charterers and other counterparties with whom we deal, timely
delivery of vessels under construction within the contracted price, 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 Securities and
Exchange Commission.


Links to the full report and a webcast presentation of accounting items can be
found below:



Second Quarter 2011 Results:
http://hugin.info/134876/R/1541248/471487.pdf

Accounting items:
http://www.media-server.com/m/p/4s2wbzg5




This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1541248]

SFL - Notice of Annual General Meeting 2011

Company news

2011-08-17 12:30:03

Press release from Ship Finance International Limited, August 17, 2011

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or the "Company")
announces that its 2011 Annual General Meeting will be held on September
23, 2011. A copy of the Notice of Annual General Meeting and associated
information including the Company's Annual Report on Form 20-F can be found on
our website and in the attachments below.


August 17, 2011
The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda


About Ship Finance
Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 73
vessels, including 28 crude oil tankers (VLCC and Suezmax), two chemical
tankers, six oil/bulk/ore vessels, 11 drybulk carriers including eight
newbuildings, 15 container vessels, six offshore supply vessels, one jack-up
drilling rigs, one ultra-deepwater drillship and two ultra-deepwater semi-
submersible drilling rigs. The fleet is one of the largest in the world and most
of the vessels are employed on long-term charters.
More information can be found on the Company's website: www.shipfinance.org


Cautionary Statement Regarding Forward Looking Statements
This 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.



SFL - Notice of Annual General Meeting:
http://hugin.info/134876/R/1538991/470177.pdf

SFL - 2010 Annual Report on Form 20-F:
http://hugin.info/134876/R/1538991/470178.pdf




This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1538991]

SFL - Invitation to Presentation of 2Q 2011 Results

Company news

2011-08-16 14:10:02

Ship Finance International Limited ("Ship Finance") (NYSE: SFL) plans to release
its preliminary financial results for second quarter 2011 on Thursday August
25, 2011.

The Company plans to host a conference call and a webcast for all shareholders
and interested parties on Thursday August 25, 2011 at 10:00 AM (EST) / 4:00 PM
(Central European Time). Relevant material will be available from the Investor
Relations section at www.shipfinance.org as of the same day.

In order to listen to the presentation you may do one of the following:

a. Webcast
Go to the Investor Relations section atwww.shipfinance.org and click on the link
to "Webcast". To listen to the conference call from the web, you need to have
installed Windows Media Player, and you need to have a sound card on your
computer.

b. Conference Call
Participants dial in numbers:
US Toll Free # 1-877-249-9037

International Dial In #            +44 203 364 5381

Norwegian Toll Free # 800 56 054



Conference ID: 5301014

 There will be a Q&A session after the presentation. Information on how to ask
questions will be given at the beginning of the Q&A session.

A replay of the conference call will be available until September 1, 2011by
dialing:

US Toll Free # 1-866-932-5017

International Dial In #            +44 207 111 1244



The replay access code is: 5301014#



Investor and Analyst Contacts:
Eirik Eide, Chief Financial Officer, Ship Finance Management AS
+47 23114006 / +47 95008921
Magnus T. Valeberg, Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960


Media Contact:
Ole B. Hjertaker, Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243



About Ship Finance
Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 73
vessels, including 28 crude oil tankers (VLCC and Suezmax), two chemical
tankers, six oil/bulk/ore vessels, 11 drybulk carriers including eight
newbuildings, 15 container vessels, six offshore supply vessels, one jack-up
drilling rigs, one ultra-deepwater drillship and two ultra-deepwater semi-
submersible drilling rigs. The fleet is one of the largest in the world and most
of the vessels are employed on long-term charters.
More information can be found on the Company's website: www.shipfinance.org


Cautionary Statement Regarding Forward Looking Statements
This 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.






This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1538690]

SFL - Investor and Analyst Event on June 20, 2011

Company news

2011-06-17 15:30:03

Ship Finance International Limited ("Ship Finance" or the "Company") (NYSE: SFL)
is hosting an investor and analyst event on Monday June 20, 2011. The event is
scheduled to be held at the Four Seasons Hotel, 57 East 57th Street, New York
between 10.00am and 1.30pm.

Program:
09.30 - 10.00:      Registration and coffee
10.00 - 11.00:      Business development and strategy by CEO Ole B. Hjertaker
11.00 - 11.15:      Coffee break
11.15 - 12.00:      Financial results and charter portfolio update by CFO Eirik
Eide
12.00 - 12.10:      Closing remarks by Chairman Hans Petter Aas
12.30 - 1.30:        Luncheon with keynote address:
                                  Market update and industry outlook by Douglas
Mavrinac, Managing Director, Equity Research, Jefferies & Company Inc.

For registration and further information, please contact the Company at
ir@shipfinance.no

The event will also be available online through a webcast at the following link:
http://www.media-server.com/m/p/d7s8ah98


About Ship Finance
Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 73
vessels, including 28 crude oil tankers (VLCC and Suezmax), two chemical
tankers, six oil/bulk/ore vessels, 11 drybulk carriers including eight
newbuildings, 15 container vessels, six offshore supply vessels, one jack-up
drilling rigs, one ultra-deepwater drillship and two ultra-deepwater semi-
submersible drilling rigs. The fleet is one of the largest in the world and most
of the vessels are employed on long-term charters.
More information can be found on the Company's website: www.shipfinance.org


Cautionary Statement Regarding Forward Looking Statements
This 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.






This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1524337]

SFL - Investor and Analyst Event on June 20, 2011

Company news

2011-05-26 17:50:02

Ship Finance International Limited ("Ship Finance" or the "Company") (NYSE: SFL)
intends to host an investor and analyst event on Monday June 20, 2011. The event
is scheduled to be held at the Four Seasons Hotel, 57 East 57th Street, New York
between 10.00am and 2.00pm. For registration and further information, please
contact the Company at ir@shipfinance.no

Chairman of the board Hans Petter Aas and senior management including CEO Ole B.
Hjertaker and CFO Eirik Eide will be attending. The Company is planning to
present an update on its strategy, financial position and a general market
outlook.

The event will also be available online through a webcast. Relevant material
will be available from the Investor Relations section at www.shipfinance.org as
of the same day.



About Ship Finance
Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 73
vessels, including 28 crude oil tankers (VLCC and Suezmax), two chemical
tankers, six oil/bulk/ore vessels, 11 drybulk carriers including eight
newbuildings, 15 container vessels, six offshore supply vessels, one jack-up
drilling rigs, one ultra-deepwater drillship and two ultra-deepwater semi-
submersible drilling rigs. The fleet is one of the largest in the world and most
of the vessels are employed on long-term charters.
More information can be found on the Company's website: www.shipfinance.org


Cautionary Statement Regarding Forward Looking Statements
This 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






This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1519243]

SFL - 1Q 2011 Presentation

Company news

2011-05-23 15:30:03

Press release from Ship Finance International Limited May 23, 2011

Please find enclosed the presentation of the Preliminary First Quarter Results
to be held May 23, 2011 in the link below.



Presentation of 1st quarter 2011 results:
http://hugin.info/134876/R/1517953/454486.pdf




This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1517953]

SFL - First Quarter 2011 Results

Company news

2011-05-23 14:10:03

Ship Finance International Limited (NYSE: SFL) - Earnings Release

Reports preliminary 1Q 2011 results and increased quarterly dividend of $0.39
per share

Hamilton, Bermuda, May 23, 2011. Ship Finance International Limited ("Ship
Finance" or the "Company") today announced its preliminary financial results for
the quarter ended March 31, 2011.

Highlights
* The Board of Directors declared an increased quarterly dividend of $0.39 per
share.
* Net income for the quarter was $32.1 million, or $0.41 per share, including
an accrued profit share in the first quarter of $2.3 million, or $0.03 per
share.
* In February 2011, the Company acquired a 2007-built jack-up drilling rig in
combination with a seven-year bareboat charter back to the seller.
* In February 2011, the Company successfully completed an offering of $125
million in senior unsecured convertible notes due 2016.
* In March and April 2011, the Company took delivery of two 2010-built 13,800
teu container vessels with 15-year time charters.
* In April 2011, the Company contracted four newbuilding 4,800 teu container
vessels for delivery in 2013. The vessels have already been chartered out
for seven years from delivery.
* The Company continues its conservative financing profile and has already
extended the maturity on a vessel financing due in 2012 for another six
years at attractive terms.


Dividends and Results for the Quarter ended March 31, 2011
The Board of Directors has declared an increased quarterly cash dividend of
$0.39 per share. Ship Finance has now paid a quarterly dividend for 29 quarters,
and this is the fifth consecutive dividend increase. The dividend will be paid
on or about June 29, 2011 to shareholders of record as of June 9, 2011. The ex-
dividend date will be June 7, 2011.


The profit share accrued in the first quarter was $2.3 million, or $0.03 per
share, compared to $2.0 million, or $0.03 per share in the fourth quarter of
2010. The profit share is below the historical average as a result of a
continued soft tanker spot market in the first quarter.

The Company reported total U.S. GAAP operating revenues on a consolidated basis
of $72.0 million, or $0.91 per share, in the first quarter of 2011. This number
excludes $26.3 million of charter hire classified as 'repayment of investments
in finance lease', and also excludes $93.8 million of charter revenues earned by
assets classified as 'investment in associate'.

Reported net operating income pursuant to U.S. GAAP for the quarter was $38.1
million, or $0.48 per share, and reported net income was $32.1 million, or $0.41
per share.


The full report can be found in the link below.

May 23, 2011
The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda


Questions should be directed to:

Investor and Analyst Contact:
Eirik Eide, Chief Financial Officer, Ship Finance Management AS
+47 23114006 / +47 95008921
Magnus T. Valeberg, Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960


Media Contact:
Ole B. Hjertaker, Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243


Forward Looking Statements
This press release contains 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, data contained in the Company's records and other data
available from third parties. 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 our view, could cause actual results to differ
materially from those discussed in the forward-looking statements include the
strength of world economies, fluctuations in currencies and interest rates,
general market conditions including fluctuations in charter hire rates and
vessel values, changes in demand in the markets in which we operate, changes in
demand resulting from changes in OPEC's petroleum production levels and
worldwide oil consumption and storage, developments regarding the technologies
relating to oil exploration, changes in market demand in countries which import
commodities and finished goods and changes in the amount and location of the
production of those commodities and finished goods, increased inspection
procedures and more restrictive import and export controls, changes in our
operating expenses, including bunker prices, drydocking and insurance costs,
performance of our charterers and other counterparties with whom we deal, timely
delivery of vessels under construction within the contracted price, 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 Securities and
Exchange Commission.



First Quarter 2011 Results:
http://hugin.info/134876/R/1517893/454438.pdf




This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1517893]

SFL - Sale of vessel and charter termination compensation from Frontline

Company news

2011-05-18 11:30:03

Press release from Ship Finance International Limited, May 18, 2011

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or the "Company"),
today announced that it has agreed to sell the 20-year old combination carrier
Front Breaker to an unrelated third party and has simultaneously agreed to
terminate the corresponding charter party with a subsidiary of Frontline Ltd.
("Frontline").

Delivery to the new owner is expected to be in May 2011 and Ship Finance expects
to receive net proceeds of approximately $17.9 million including $6.6 million
charter termination compensation payment from Frontline. As a result of the
sale, the Company expects to record a book gain of approximately $3.8 million in
the second quarter of 2011.


May 18, 2011

The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda


 Questions should be directed to:

Investor and Analyst Contacts:
Eirik Eide, Chief Financial Officer, Ship Finance Management AS
+47 23114006 / +47 95008921

Magnus T. Valeberg, Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960


Media Contact:
Ole B. Hjertaker, Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243


About Ship Finance
Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 74
vessels, including 28 crude oil tankers (VLCC and Suezmax), two chemical
tankers, six oil/bulk/ore vessels, 12 drybulk carriers including nine
newbuildings, 15 container vessels including four newbuildings, six offshore
supply vessels, two jack-up drilling rigs, one ultra-deepwater drillship and two
ultra-deepwater semi-submersible drilling rigs. The fleet is one of the largest
in the world and most of the vessels are employed on long-term charters.
More information can be found on the Company's website: www.shipfinance.org

Cautionary Statement Regarding Forward Looking Statements
This 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
world wide 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.







This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1516806]

SFL - Invitation to Presentation of 1Q 2011 Results

Company news

2011-05-12 12:30:04

Ship Finance International Limited ("Ship Finance") (NYSE: SFL) plans to release
its preliminary financial results for first quarter 2011 on Monday May 23, 2011.

The Company plans to host a conference call and a webcast for all shareholders
and interested parties on Monday 23, 2011 at 10:00 AM (EST) / 4:00 PM (Central
European Time). Relevant material will be available from the Investor Relations
section at www.shipfinance.org as of the same day.

In order to listen to the presentation you may do one of the following:

a. Webcast
Go to the Investor Relations section atwww.shipfinance.org and click on the link
to "Webcast". To listen to the conference call from the web, you need to have
installed Windows Media Player, and you need to have a sound card on your
computer.

b. Conference Call
Participants dial in numbers:
US Toll Free # 1-866-239-0753

International Dial In #            +44 207 138 0826

Norwegian Toll Free # 800 19639



Conference ID: 9171554


 There will be a Q&A session after the presentation. Information on how to ask
questions will be given at the beginning of the Q&A session.

A replay of the conference call will be available until May 30, 2011, Midnight
by dialing:

US Toll Free # 1-866-932-5017

International Dial In #            +44 207 111 1244



The replay access code is: 9171554#




Investor and Analyst Contacts:
Eirik Eide, Chief Financial Officer, Ship Finance Management AS
+47 23114006 / +47 95008921
Magnus T. Valeberg, Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960


Media Contact:
Ole B. Hjertaker, Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243



About Ship Finance
Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 75
vessels, including 28 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, 11 drybulk carriers including nine
newbuildings, 15 container vessels, six offshore supply vessels, two jack-up
drilling rigs, one ultra-deepwater drillship and two ultra-deepwater semi-
submersible drilling rigs. The fleet is one of the largest in the world and most
of the vessels are employed on long-term charters.
More information can be found on the Company's website: www.shipfinance.org

Cautionary Statement Regarding Forward Looking Statements
This 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.






This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1515190]

SFL - Acquisition of four 4,800 TEU Newbuilding Container Vessels and Long-term Charters

Company news

2011-04-11 09:30:06

Press release from Ship Finance International Limited, April 11, 2011

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or the "Company"),
today announced that the Company has agreed to build four 4,800 TEU newbuilding
container vessels at a state-owned shipyard in China with scheduled delivery in
2013. The aggregate construction cost will be approximately $230 million, with a
majority of the payment due on delivery of the vessels, and we expect to secure
bank financing for up to 80% of the purchase price.

The vessels will be chartered on time-charter basis to a large, European-based
container line for seven years from delivery, and the charter rate will be
approximately $26,250 net per day per vessel. The vessels are high
specification, so-called wide-beam container vessels, optimized for higher cargo
intake and very efficient speed/consumption economics compared to existing
vessels of similar size.

Ole B. Hjertaker, CEO of Ship Finance Management AS, said in a comment: "We are
very pleased to further expand our presence in the container market with these
state-of-the-art containerships with long term charters to a reputable
international container line. It demonstrates our ambition to continue building
and renewing our fleet, expanding our presence in the container market with
modern assets and high-quality counterparts. This project will add approximately
$270 million to our charter backlog, which currently stands at more than $7
billion."

April 11, 2010

The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda


Questions should be directed to:

Investor and Analyst Contacts:
Eirik Eide, Chief Financial Officer, Ship Finance Management AS
+47 23114006 / +47 95008921

Magnus T. Valeberg, Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960

Media Contact:

Ole B. Hjertaker, Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243



About Ship Finance

Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 75
vessels, including 28 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, 11 drybulk carriers including nine
newbuildings, 15 container vessels, six offshore supply vessels, two jack-up
drilling rigs, one ultra-deepwater drillship and two ultra-deepwater semi-
submersible drilling rigs. The fleet is one of the largest in the world and most
of the vessels are employed on long-term charters.

More information can be found on the Company's website: www.shipfinance.org

Cautionary Statement Regarding Forward Looking Statements

This 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.







This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1505044]

SFL - Sale of vessel and charter termination compensation from Frontline

Company news

2011-04-04 15:30:04

Press release from Ship Finance International Limited, April 4, 2011

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or the "Company"),
today announced that it has agreed to sell the 20-year old combination carrier
Front Leader to an unrelated third party and has simultaneously agreed to
terminate the corresponding charter party with a subsidiary of Frontline Ltd.
("Frontline").

Delivery to the new owner is expected to be in April 2011 and Ship Finance
expects to receive net proceeds of approximately $18.3 million including $7.7
million charter termination compensation payment from Frontline. As a result of
the sale, the Company expects to record a book gain of approximately $2.0
million in the second quarter of 2011.


April 4, 2011

The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda


 Questions should be directed to:

Investor and Analyst Contacts:
Eirik Eide, Chief Financial Officer, Ship Finance Management AS
+47 23114006 / +47 95008921

Magnus T. Valeberg, Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960


Media Contact:
Ole B. Hjertaker, Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243


About Ship Finance
Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 71
vessels, including 28 crude oil tankers (VLCC and Suezmax), two chemical
tankers, seven oil/bulk/ore vessels, 12 drybulk carriers including nine
newbuildings, 11 container vessels, six offshore supply vessels, two jack-up
drilling rigs, one ultra-deepwater drillship and two ultra-deepwater semi-
submersible drilling rigs. The fleet is one of the largest in the world and most
of the vessels are employed on long-term charters.
More information can be found on the Company's website: www.shipfinance.org

Cautionary Statement Regarding Forward Looking Statements
This 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
world wide 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.







This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1503204]

SFL - Filing of Annual Report on Form 20-F

Company news

2011-03-30 08:30:03

Press release from Ship Finance International Limited March 30, 2011

Ship Finance International Limited (NYSE: SFL) announces that the Company has
filed its annual report on Form 20-F for the year ended December 31, 2010.

The annual report can be downloaded from the Company's website at
www.shipfinance.org. Shareholders can also request a hard copy of our complete
audited financial statements free of charge upon request by writing us at:

Ship Finance International Limited
PO Box HM 1593, Par-la-Ville Place
14 Par-la-Ville Road
Hamilton HM 08 Bermuda

or send an e-mail to: ir@shipfinance.no


March 30, 2011

The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda


Questions should be directed to:

Investor and Analyst Contacts:
Eirik Eide, Chief Financial Officer, Ship Finance Management AS
+47 23114006 / +47 95008921

Magnus T. Valeberg, Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960

Media Contact:
Ole B. Hjertaker, Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243


About Ship Finance
Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 72
vessels, including 28 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, 12 drybulk carriers including nine
newbuildings, 11 container vessels, six offshore supply vessels, two jack-up
drilling rigs, one ultra-deepwater drillship and two ultra-deepwater semi-
submersible drilling rigs. The fleet is one of the largest in the world and most
of the vessels are employed on long-term charters.
More information can be found on the Company's website:www.shipfinance.org

Cautionary Statement Regarding Forward Looking Statements
This 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
world wide 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.



SFL - 2010 Annual Report:
http://hugin.info/134876/R/1501516/436770.pdf




This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1501516]

SFL - J.P. Morgan Aviation, Transportation & Defense Conference

Company news

2011-03-22 17:20:02

Press release from Ship Finance International Limited March 22, 2011

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or "SFL")
announced today that Ole B. Hjertaker, CEO of Ship Finance Management AS, will
present at the J.P. Morgan Aviation, Transportation & Defense Conference. The
presentation will take place on March 24, 2011 at 2:40 PM EST.

A live audio webcast of the presentation can be found at the following link:
http://cc.talkpoint.com/jpmc001/032211a_mg/?entity=17_V6UUTTJ

The link to the audio webcast will be live just prior to the start of the
presentation. A replay of the audio webcast will be available through our
website http://www.shipfinance.org for a period of 90 days.


About Ship Finance
Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 72
vessels, including 28 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, 12 drybulk carriers including nine
newbuildings, 11 container vessels, six offshore supply vessels, two jack-up
drilling rigs, one ultra-deepwater drillship and two ultra-deepwater semi-
submersible drilling rigs. The fleet is one of the largest in the world and most
of the vessels are employed on long-term charters.

More information can be found on the Company's website: www.shipfinance.org


Cautionary Statement Regarding Forward Looking Statements
This 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
world wide 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.






This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1499144]

SFL - Acquisition of Two 13,800 teu Container Vessels and Long-term Charters

Company news

2011-03-22 14:10:03

Press release from Ship Finance International Limited, March 21, 2011

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or the "Company"),
today announced that it has entered into an agreement to acquire two 2010-built
13,800 TEU container vessels Magellan and Corte Real from CMA CGM SA ("CMA CGM"
or "the Charterer") in combination with 15-year time charters back to CMA CGM.

The gross purchase price is $171 million per vessel, which includes a
subordinated seller's credit of $55 million per vessel. The transaction will be
financed through a French tax lease structure, where Ship Finance's investment
is limited to $25 million per vessel, or $50 million in total, and secured by
junior mortgages.

The vessels will be managed by an affiliate of the Charterer, and the time
charter includes a compensation clause whereby Ship Finance will be compensated
for any increase in operating expenses. The transaction is expected to generate
an annual free cash flow in excess of $7 million, or approximately $0,09 per
share, after operating costs and debt service.

The Charterer has been granted several purchase options throughout the term of
the charters, the first starting in 2014. The purchase options also include a
profit sharing arrangement whereby Ship Finance on certain conditions may
receive additional amounts upon the exercise of such purchase options.

The acquisition is expected to be completed within the next couple of weeks and
will add approximately $275 million to our charter backlog. The vessels will
most likely be accounted for as 'investment in associate' similar to our
drilling rigs.

Ole B. Hjertaker, CEO of Ship Finance Management AS, said in a comment: "We are
very pleased to announce this transaction with CMA CGM, the world's third
largest container line. This transaction expands our presence in the container
sector, which is one of the sectors where we see interesting growth
opportunities going forward. The transaction will be accretive to earnings and
is expected to have a positive impact on our distribution capacity going
forward"


March 21, 2011
The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda


Questions should be directed to:

Investor and Analyst Contacts:
Eirik Eide, Chief Financial Officer, Ship Finance Management AS
+47 23114006 / +47 95008921

Magnus T. Valeberg, Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960


Media Contact:
Ole B. Hjertaker, Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243



About Ship Finance

Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 72
vessels, including 28 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, 12 drybulk carriers including nine
newbuildings, 11 container vessels, six offshore supply vessels, two jack-up
drilling rigs, one ultra-deepwater drillship and two ultra-deepwater semi-
submersible drilling rigs. The fleet is one of the largest in the world and most
of the vessels are employed on long-term charters.

More information can be found on the Company's website: www.shipfinance.org

Cautionary Statement Regarding Forward Looking Statements

This 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
world wide 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.







This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1498508]

SFL - 4Q 2010 Presentation

Company news

2011-02-18 15:50:02

Press release from Ship Finance International Limited February 11, 2011

Please find enclosed the presentation of the Preliminary Fourth Quarter Results
to be held Friday 18, 2011 in the link below.



SFL - 4Q 2010 Presentation:
http://hugin.info/134876/R/1490614/426301.pdf




This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1490614]

SFL - Fourth Quarter 2010 Results

Company news

2011-02-18 14:40:02

Ship Finance International Limited (NYSE: SFL) - Earnings Release

Reports preliminary 4Q 2010 results and increased quarterly dividend of $0.38
per share

Hamilton, Bermuda, February 18, 2010. Ship Finance International Limited ("Ship
Finance" or the "Company") today announced its preliminary financial results for
the quarter ended December 31, 2010.

Highlights

* The Board of Directors declared an increased quarterly dividend of $0.38 per
share. This is the fourth consecutive dividend increase in the last 12
months.
* Net income for the quarter was $30.5 million, or $0.39 per share, including
an accrued profit share in the fourth quarter of $2.0 million, or $0.03 per
share. Total accrued profit share for 2010 was $30.6 million and will be
payable in March 2011.
* In November 2010, the Company agreed to acquire two 57,000 dwt Supramax dry
bulk carriers in combination with long-term time charters to Glovis Co. Ltd.
* In January 2011, the Company agreed to acquire the modern Jack-up drilling
rig Soehanah in combination with a seven-year bareboat charter.
* In February 2011, the Company successfully completed an offering of $125
million senior convertible notes due 2016. The notes have an annual coupon
of 3.75% and an initial conversion price of $27.05.
* In February 2011, the Company agreed to sell two single hull VLCCs which
will free up approximately $14.5 million of capital for the Company, after
fees, expenses and debt prepayment.



Dividends and Results for the Quarter ended December 31, 2010

The Board of Directors has declared a quarterly cash dividend of $0.38 per
share. The dividend will be paid on or about March 29, 2011 to shareholders of
record as of March 11, 2011. The ex-dividend date will be March 9, 2011.

The profit share accrued in the fourth quarter was $2.0 million, or $0.03 per
share, compared to $5.8 million, or $0.07 per share in the third quarter of
2010. The reduced profit share was a result of a continued soft tanker spot
market in the fourth quarter.

Under US GAAP, subsidiaries owning the drilling units West Polaris, West
Hercules, West Taurus have been accounted for as 'investment in associate' using
the 'equity method' in 2010. Our investment is a combination of intercompany
loans and equity. In our Income Statement, the net contribution from these
unconsolidated subsidiaries is recognized as a combination of 'interest income
from associate' and 'results in associate'.

The Company reported total net operating revenues on a consolidated basis of
$71.2 million, or $0.90 per share, in the fourth quarter of 2010. This number
excludes charter hire classified as 'repayment of investments in finance lease',
and also excludes substantial charter revenues earned by the assets classified
as 'investment in associate'.

Reported net operating income for the quarter was $38.7 million, or $0.49 per
share, and reported net income was $30.5 million, or $0.39 per share. The fourth
quarter net income was partly impacted by higher operating expenses due to the
delivery of three new vessels in the quarter. In addition, this was the first
full quarter where all non-double hull VLCCs are on a reduced rate and
classified as operating leases. Due to reduced rates and book depreciation, the
net operating income contribution from these vessels was $(0.7) million, or
$(0.01) per share in the quarter, compared to $3.0 million, or $0.04 per share
positive contribution in 4Q 2009.

The full report can be found in the link below





February 18, 2011
The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda



Questions should be directed to:

Investor and Analyst Contact:

Eirik Eide, Chief Financial Officer, Ship Finance Management AS
+47 23114006 / +47 95008921
Magnus T. Valeberg, Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960

Media Contact:

Ole B. Hjertaker, Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243

Forward Looking Statements

This press release contains 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, data contained in the Company's records and other data
available from third parties. 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 our view, could cause actual results to differ
materially from those discussed in the forward-looking statements include the
strength of world economies, fluctuations in currencies and interest rates,
general market conditions including fluctuations in charter hire rates and
vessel values, changes in demand in the markets in which we operate, changes in
demand resulting from changes in OPEC's petroleum production levels and
worldwide oil consumption and storage, developments regarding the technologies
relating to oil exploration, changes in market demand in countries which import
commodities and finished goods and changes in the amount and location of the
production of those commodities and finished goods, increased inspection
procedures and more restrictive import and export controls, changes in our
operating expenses, including bunker prices, drydocking and insurance costs,
performance of our charterers and other counterparties with whom we deal, timely
delivery of vessels under construction within the contracted price, 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 Securities and
Exchange Commission.




Fourth Quarter 2010 Results:
http://hugin.info/134876/R/1490581/426241.pdf




This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1490581]

SFL - Invitation to Presentation of 4Q 2010 Results

Company news

2011-02-10 15:40:02

Ship Finance International Limited ("Ship Finance") (NYSE: SFL) plans to release
its preliminary financial results for fourth quarter 2010 on Friday February
18, 2011.

 The Company plans to host a conference call and a webcast for all shareholders
and interested parties on Friday February 18, 2011 at 10:00 AM (EST) / 4:00 PM
(Central European Time). Relevant material will be available from the Investor
Relations section at www.shipfinance.org as of the same day.

In order to listen to the presentation you may do one of the following:

a. Webcast

Go to the Investor Relations section at www.shipfinance.org and click on the
link to "Webcast". To listen to the conference call from the web, you need to
have installed Windows Media Player, and you need to have a sound card on your
computer.

b. Conference Call

Participants dial in numbers:
US Toll Free # 1-866-239-0750

International Dial In #            +44 207 138 0824

Norwegian Toll Free # 800 19639



Conference ID: 3404901


 There will be a Q&A session after the presentation. Information on how to ask
questions will be given at the beginning of the Q&A session.

 A replay of the conference call will be available until February 25, 2011,
Midnight by dialing:

US Toll Free # 1-866-932-5017

International Dial In #            +44 207 111 1244



The replay access code is: 3404901#



Contact Persons:

Ole B. Hjertaker: Chief Executive Officer, Ship Finance Management AS
+47 2311 4011 / +47 9014 1243

Magnus T. Valeberg: Vice President, Ship Finance Management AS
+47 2311 4012 / +47 9344 0960


About Ship Finance

Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 71
vessels, including 30 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, 12 drybulk carriers including nine
newbuildings, nine container vessels, six offshore supply vessels, one jack-up
drilling rig, one ultra-deepwater drillship and two ultra-deepwater semi-
submersible drilling rigs. The fleet is one of the largest in the world and most
of the vessels are employed on long-term charters.

More information can be found on the Company's website: www.shipfinance.org

Cautionary Statement Regarding Forward Looking Statements

This 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
world wide 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.







This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1487766]

SFL - Pricing of $125 Million Convertible Senior Bonds Due 2016

Company news

2011-02-02 20:20:02

Press release from Ship Finance International Limited, February 2, 2011

Ship Finance International Limited ("Ship Finance" or the "Company") announced
today the successful completion of $125 million senior convertible bonds due
2016 (the "Bonds").

The Bonds were marketed with an annual coupon range of 3.75% to 4.25% and with a
conversion premium range of 30-35% above the closing price of the Company's
common stock on the New York Stock Exchange on February 1, 2011.

The transaction was significantly oversubscribed and the Bonds were priced at an
annual coupon of 3.75%. The initial conversion price was set at $27.05 or 35%
above the closing price of the Company's common stock on the New York Stock
Exchange on February 1, 2011.

The Bonds will be issued and redeemed at 100% of their principal amount and
will, unless previously redeemed, converted or purchased and cancelled, mature
in February 2016. The coupon is payable semi-annually in arrears.

Ship Finance will have the right to call the bonds after three years plus 21
days, if the value of the Ship Finance shares underlying one Bond on the New
York Stock Exchange exceeds, for a specified period of time, 130% of the
principal amount of the bond.

Settlement is expected to be on or around February 10, 2011. Ship Finance may
decide to list the Bonds on an exchange at a later stage. The proceeds from the
Bonds will be used for new investments and general corporate purposes.

ABG Sundal Collier, BNP Paribas and SEB Enskilda acted as Joint Lead Managers
and Joint Bookrunners, and Carnegie acted as Co Lead Manager.

This press release does not constitute an offer to sell or the solicitation of
an offer to buy any securities and shall not constitute an offer, solicitation
or sale in any jurisdiction in which such an offering, solicitation or sale
would be unlawful. The offering will be made only to non-U.S. persons outside
the United States in accordance with Regulation S promulgated under the
Securities Act.  The securities to be offered have not been registered under the
Securities Act, or any state securities laws, and unless so registered, may not
be offered or sold except pursuant to an effective registration statement or an
exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act and applicable state securities laws.



The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda



Contact Persons:
Ole B. Hjertaker, Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243

Eirik Eide, Chief Financial Officer, Ship Finance Management AS
+47 23114006 / +47 95008921



About Ship Finance

Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 71
vessels, including 30 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, 12 drybulk carriers including nine
newbuildings, nine container vessels, six offshore supply vessels, one jack-up
drilling rig, one ultra-deepwater drillship and two ultra-deepwater semi-
submersible drilling rigs. The fleet is one of the largest in the world and most
of the vessels are employed on long-term charters.

More information can be found on the Company's website: www.shipfinance.org



Important Notice

NOT FOR DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES OF AMERICA,
AUSTRALIA, CANADA OR JAPAN, OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR
SALES WOULD BE PROHIBITED BY APPLICABLE LAW

This press release is for information purposes only and does not constitute or
form part of, and should not be construed as an offer or an invitation to sell
or issue, or the solicitation of any offer to buy or subscribe for, any
securities.  In connection with this transaction there has not been, nor will
there be, any public offering of the Bonds. No prospectus will be prepared in
connection with the offering of the Bonds. The Bonds may not be offered to the
public in any jurisdiction in circumstances which would require Ship Finance to
prepare or register any prospectus or offering document relating to the Bonds in
such jurisdiction. The distribution of this press release and the offer and sale
of the Bonds in certain jurisdictions may be restricted by law. Any persons
reading this press release should inform themselves of and observe any such
restrictions.

This press release is not being issued in or to the United States of America,
Canada, Australia, Japan or in any other jurisdiction in which such distribution
would be prohibited by applicable law. This press release does not constitute or
form part of an offer or solicitation of an offer to purchase or subscribe for
securities in the United States. The Bonds and shares issuable upon conversion
of the Bonds are being offering only to non-U.S. persons outside the United
States in accordance with Regulation S promulgated under the U.S. Securities Act
of 1933, as amended (the "Securities Act").  The Bonds and the shares referred
to herein will not be registered under the United States Securities Act, and may
not be offered or sold in the United States unless registered under the
Securities Act or pursuant to an applicable exemption from registration.

This press release is directed only at persons who (i) are outside the United
Kingdom or (ii) have professional experience in matters relating to investments
who fall within Article 19(5) ("investment professionals") of The Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the
"Order") or (iii) are persons falling, within Article 49(2)(a) to (d) ("high net
worth companies, unincorporated associations etc") of the Order (all such
persons together being referred to as "relevant persons"). This press release is
directed only at relevant persons and must not be acted on or relied on by
persons who are not relevant persons. Any investment or investment activity to
which this press release relates is available only to relevant persons and will
be engaged in only with relevant persons. In addition, if and to the extent that
this press release is communicated in, or the offered securities to which it
relates is made in, any EEA member state that has implemented Directive
2003/71/EC (together with any applicable implementing measures in any member
state, the "Prospectus Directive"), this press release and the offering
described herein are only addressed to and directed at persons in that member
state who are "qualified investors" within the meaning of the Prospectus
Directive (or who are other persons to whom the offer may lawfully be addressed)
and must not be acted on or relied on by other persons in that member state.

ABG Sundal Collier, BNP Paribas and SEB Enskilda are acting for the Company and
no one else in connection with the offer of the Bonds and will not be
responsible to any other person for providing the protections afforded to their
client, or for providing advice in relation to the proposed offer of the Bonds.



Stabilisation/FSA



Cautionary Statement Regarding Forward Looking Statements

This 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.







This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1484864]

SFL - Successful Completion of $125 Million Convertible Senior Bonds Due 2016

Company news

2011-02-02 15:40:03

Press release from Ship Finance International Limited, February 2, 2011

Ship Finance International Limited ("Ship Finance" or the "Company") announced
today the successful completion of $125 million senior convertible bonds due
2016 (the "Bonds"). The issue was well received and oversubscribed.

The Bonds will be issued and redeemed at 100% of their principal amount and
will, unless previously redeemed, converted or purchased and cancelled, mature
in February 2016. Ship Finance will have the right to call the bonds after three
years plus 21 days, if the value of the Ship Finance shares underlying one Bond
on the New York Stock Exchange exceeds, for a specified period of time, 130% of
the principal amount of the bond.

The Bonds are expected to be settled on or around February 10, 2011. Ship
Finance may decide to list the Bonds on an exchange at a later stage.



The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda



Contact Persons:
Ole B. Hjertaker, Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243

Eirik Eide, Chief Financial Officer, Ship Finance Management AS
+47 23114006 / +47 95008921



About Ship Finance

Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 71
vessels, including 30 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, 12 drybulk carriers including nine
newbuildings, nine container vessels, six offshore supply vessels, one jack-up
drilling rig, one ultra-deepwater drillship and two ultra-deepwater semi-
submersible drilling rigs. The fleet is one of the largest in the world and most
of the vessels are employed on long-term charters.

More information can be found on the Company's website: www.shipfinance.org



Important Notice

NOT FOR DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES OF AMERICA,
AUSTRALIA, CANADA OR JAPAN, OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR
SALES WOULD BE PROHIBITED BY APPLICABLE LAW

This press release is for information purposes only and does not constitute or
form part of, and should not be construed as an offer or an invitation to sell
or issue, or the solicitation of any offer to buy or subscribe for, any
securities.  In connection with this transaction there has not been, nor will
there be, any public offering of the Bonds. No prospectus will be prepared in
connection with the offering of the Bonds. The Bonds may not be offered to the
public in any jurisdiction in circumstances which would require Ship Finance to
prepare or register any prospectus or offering document relating to the Bonds in
such jurisdiction. The distribution of this press release and the offer and sale
of the Bonds in certain jurisdictions may be restricted by law. Any persons
reading this press release should inform themselves of and observe any such
restrictions.

This press release is not being issued in or to the United States of America,
Canada, Australia, Japan or in any other jurisdiction in which such distribution
would be prohibited by applicable law. This press release does not constitute or
form part of an offer or solicitation of an offer to purchase or subscribe for
securities in the United States. The Bonds and shares issuable upon conversion
of the Bonds are being offering only to non-U.S. persons outside the United
States in accordance with Regulation S promulgated under the U.S. Securities Act
of 1933, as amended (the "Securities Act").  The Bonds and the shares referred
to herein will not be registered under the United States Securities Act, and may
not be offered or sold in the United States unless registered under the
Securities Act or pursuant to an applicable exemption from registration.

This press release is directed only at persons who (i) are outside the United
Kingdom or (ii) have professional experience in matters relating to investments
who fall within Article 19(5) ("investment professionals") of The Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the
"Order") or (iii) are persons falling, within Article 49(2)(a) to (d) ("high net
worth companies, unincorporated associations etc") of the Order (all such
persons together being referred to as "relevant persons"). This press release is
directed only at relevant persons and must not be acted on or relied on by
persons who are not relevant persons. Any investment or investment activity to
which this press release relates is available only to relevant persons and will
be engaged in only with relevant persons. In addition, if and to the extent that
this press release is communicated in, or the offered securities to which it
relates is made in, any EEA member state that has implemented Directive
2003/71/EC (together with any applicable implementing measures in any member
state, the "Prospectus Directive"), this press release and the offering
described herein are only addressed to and directed at persons in that member
state who are "qualified investors" within the meaning of the Prospectus
Directive (or who are other persons to whom the offer may lawfully be addressed)
and must not be acted on or relied on by other persons in that member state.

ABG Sundal Collier, BNP Paribas and SEB Enskilda are acting for the Company and
no one else in connection with the offer of the Bonds and will not be
responsible to any other person for providing the protections afforded to their
client, or for providing advice in relation to the proposed offer of the Bonds.



Stabilisation/FSA



Cautionary Statement Regarding Forward Looking Statements

This 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.







This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1484761]

SFL - Proposed Offering of Convertible Notes Outside the United States

Company news

2011-02-02 14:20:03

Press release from Ship Finance International Limited, February 2, 2011

Hamilton, Bermuda. Ship Finance International Limited (NYSE: SFL) ("Ship
Finance" or the "Company") today announced that it intends, subject to market
conditions, to offer $100 million of Senior Unsecured Convertible Notes due
2016, to persons outside the United States under Regulation S under the U.S.
Securities Act of 1933 (the "Securities Act"). In addition, the Company will
have an option to increase the amount to $125 million.  The Company intends to
use the net proceeds from the offering for new investments and general corporate
purposes.

This press release does not constitute an offer to sell or the solicitation of
an offer to buy any securities and shall not constitute an offer, solicitation
or sale in any jurisdiction in which such an offering, solicitation or sale
would be unlawful. The offering will be made only to non-U.S. persons outside
the United States in accordance with Regulation S promulgated under the
Securities Act.  The securities to be offered have not been registered under the
Securities Act, or any state securities laws, and unless so registered, may not
be offered or sold except pursuant to an effective registration statement or an
exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act and applicable state securities laws.


February 2, 2011
The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda


Contact Persons:

Ole B. Hjertaker: Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243

Magnus T. Valeberg: Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960


About Ship Finance

Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 71
vessels, including 30 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, 13 drybulk carriers (including 10
newbuildings), nine container vessels, six offshore supply vessels, one jack-up
drilling rigs, one ultra-deepwater drillship and two ultra-deepwater semi-
submersible drilling rigs. The fleet is one of the largest in the world and most
of the vessels are employed on long-term charters.

More information can be found on the Company's website: www.shipfinance.bm

Cautionary Statement Regarding Forward Looking Statements

This 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 Company 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
world wide 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.






This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1484652]

SFL - Proposed Offering of Convertible Bonds due 2016

Company news

2011-02-02 14:10:02

Press release from Ship Finance International Limited, February 2, 2011

Ship Finance International Limited ("Ship Finance" or the "Company") announces
today that it intends to offer USD 100 million of senior unsecured convertible
bonds (the "Bonds") with a five-year tenor. In addition, the Company will have
an option to increase the amount to USD 125 million.

The Bonds will be convertible into common shares of the Company, and are
expected to have an annual coupon in the range of 3.75% to 4.25% payable semi-
annually in arrears with a conversion premium range of 30% to 35% over the
closing price on the New York Stock Exchange on February 1, 2011; i.e USD 20.04.

The Bonds will be issued and redeemed at 100% of their principal amount and
will, unless previously redeemed, converted or purchased and cancelled, mature
in 2016. Ship Finance will have the right to call the Bonds after three years
and 21 days, if the value of the Ship Finance shares underlying one Bond on the
New York Stock Exchange exceeds, for a specified period of time, 130% of the
principal amount of such Bond.

The Bonds are expected to be settled on or around February 10, 2011. The Bonds
will not be listed on any securities exchange, but Ship Finance may decide to
list the Bonds on an exchange at a later date.

The proceeds from the Bonds will be used for new investments and general
corporate purposes.

ABG Sundal Collier, BNP Paribas and SEB Enskilda are acting as Joint Lead
Managers and Joint Bookrunners.

This press release does not constitute an offer to sell or the solicitation of
an offer to buy any securities and shall not constitute an offer, solicitation
or sale in any jurisdiction in which such an offering, solicitation or sale
would be unlawful. The offering will be made only to non-U.S. persons outside
the United States in accordance with Regulation S promulgated under the
Securities Act of 1933 (the "Securities Act").  The securities to be offered
have not been registered under the Securities Act, or any state securities laws,
and unless so registered, may not be offered or sold except pursuant to an
effective registration statement or an exemption from, or in a transaction not
subject to, the registration requirements of the Securities Act and applicable
state securities laws.



The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda



Contact Persons:
Ole B. Hjertaker, Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243

Eirik Eide, Chief Financial Officer, Ship Finance Management AS
+47 23114006 / +47 95008921



About Ship Finance

Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 71
vessels, including 30 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, 12 drybulk carriers including nine
newbuildings, nine container vessels, six offshore supply vessels, one jack-up
drilling rig, one ultra-deepwater drillship and two ultra-deepwater semi-
submersible drilling rigs. The fleet is one of the largest in the world and most
of the vessels are employed on long-term charters.

More information can be found on the Company's website: www.shipfinance.org



Important Notice

NOT FOR DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES OF AMERICA,
AUSTRALIA, CANADA OR JAPAN, OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR
SALES WOULD BE PROHIBITED BY APPLICABLE LAW

This press release is for information purposes only and does not constitute or
form part of, and should not be construed as an offer or an invitation to sell
or issue, or the solicitation of any offer to buy or subscribe for, any
securities.  In connection with this transaction there has not been, nor will
there be, any public offering of the Bonds. No prospectus will be prepared in
connection with the offering of the Bonds. The Bonds may not be offered to the
public in any jurisdiction in circumstances which would require Ship Finance to
prepare or register any prospectus or offering document relating to the Bonds in
such jurisdiction. The distribution of this press release and the offer and sale
of the Bonds in certain jurisdictions may be restricted by law. Any persons
reading this press release should inform themselves of and observe any such
restrictions.

This press release is not being issued in or to the United States of America,
Canada, Australia, Japan or in any other jurisdiction in which such distribution
would be prohibited by applicable law. This press release does not constitute or
form part of an offer or solicitation of an offer to purchase or subscribe for
securities in the United States. The Bonds and shares issuable upon conversion
of the Bonds are being offering only to non-U.S. persons outside the United
States in accordance with Regulation S promulgated under the U.S. Securities Act
of 1933, as amended (the "Securities Act").  The Bonds and the shares referred
to herein will not be registered under the United States Securities Act, and may
not be offered or sold in the United States unless registered under the
Securities Act or pursuant to an applicable exemption from registration.

This press release is directed only at persons who (i) are outside the United
Kingdom or (ii) have professional experience in matters relating to investments
who fall within Article 19(5) ("investment professionals") of The Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the
"Order") or (iii) are persons falling, within Article 49(2)(a) to (d) ("high net
worth companies, unincorporated associations etc") of the Order (all such
persons together being referred to as "relevant persons"). This press release is
directed only at relevant persons and must not be acted on or relied on by
persons who are not relevant persons. Any investment or investment activity to
which this press release relates is available only to relevant persons and will
be engaged in only with relevant persons. In addition, if and to the extent that
this press release is communicated in, or the offered securities to which it
relates is made in, any EEA member state that has implemented Directive
2003/71/EC (together with any applicable implementing measures in any member
state, the "Prospectus Directive"), this press release and the offering
described herein are only addressed to and directed at persons in that member
state who are "qualified investors" within the meaning of the Prospectus
Directive (or who are other persons to whom the offer may lawfully be addressed)
and must not be acted on or relied on by other persons in that member state.







This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1484683]

SFL - Acquisition of jack-up drilling rig and seven-year bareboat charter

Company news

2011-01-24 15:20:02

Press release from Ship Finance International Limited, January 24, 2010

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or the "Company"),
today announced that it has entered into an agreement to acquire a modern jack-
up drilling rig from Apexindo Offshore Pte. Ltd. ("Apexindo Offshore" or the
"Charterer") in combination with a seven year bareboat charter back to the
Charterer.

Apexindo Offshore is a Singapore-based subsidiary of P.T. Apexindo Pratama Duta
Tbk. ("Apexindo"), which is Indonesia's largest independent drilling contractor.

The drilling rig Soehanah is a 375ft Baker Marine Jack-up built 2007 at PPL
Shipyard in Singapore. The rig has been chartered to Total E&P Indonesie
("Total") since it was delivered from the shipyard, and the current charter runs
until March 2012 with option for Total to extend until March 2013.

The agreed purchase price is approximately $151.5 million, including a $5
million seller's credit to be paid if Total extends the current sub-charter
until 2013. The rig is expected to be delivered to Ship Finance in February
2011 and the bareboat charter rate will be approximately $72,500 per day
initially, increasing to $75,000 per day if Total extends the charter to 2013.

At the end of the bareboat charter period, Apexindo will have a purchase option
at $70 million plus an amount equal to 25% of the charter-free market value in
excess of the option price. Ship Finance has received a commitment for up to $95
million senior secured bank financing, and the remaining amount will be funded
from our available liquidity.

The new charter will add approximately $190 million to our extensive charter
backlog, and the average net cash flow per year from this transaction is
estimated to be in excess of $13 million or $0.16 per share after interest and
debt amortization.

Ole B. Hjertaker, Chief Executive Officer in Ship Finance Management AS said in
a comment: "We are very pleased to announce this transaction with Indonesia's
largest independent drilling contractor. We increase our presence in the
offshore industry and add yet another customer to our already diversified
portfolio of long-term fixed charters. This accretive transaction is expected to
have a positive impact on our dividend capacity going forward."

January 24, 2010

The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda


Contact Persons:
Ole B. Hjertaker: Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243

Eirik Eide: Chief Financial Officer, Ship Finance Management AS
+47 23114006 / +47 95008921


About Ship Finance

Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 71
vessels, including 30 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, 12 drybulk carriers including nine
newbuildings, nine container vessels, six offshore supply vessels, one jack-up
drilling rig, one ultra-deepwater drillship and two ultra-deepwater semi-
submersible drilling rigs. The fleet is one of the largest in the world and most
of the vessels are employed on long-term charters.

More information can be found on the Company's website: www.shipfinance.org

Cautionary Statement Regarding Forward Looking Statements

This 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.







This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1481855]

SFL - Appointment of Chief Financial Officer

Company news

2010-12-29 13:50:02

Press release from Ship Finance International Limited, December 29, 2010

Mr. Eirik Eide has been appointed as Chief Financial Officer in Ship Finance
Management AS. He is 40 years old and currently serves as Head of Corporate
Finance and Head of Shipping Investments in Orkla Finans Kapitalforvaltning AS.
Mr. Eide will take up his new position in January 2011.

Mr. Eide has 12 years experience from both debt and equity capital markets
within the maritime and transportation industries and has previously worked for
DnB NOR and Fortis Bank, two large international shipping banks. He holds a MSc
in Business and Economics degree from the Norwegian School of Management.

Ole B. Hjertaker, Chief Executive Officer in Ship Finance Management AS said in
a comment: "We are pleased to welcome Mr. Eirik Eide as the new Chief Financial
Officer in our organization. Mr. Eide has a broad and relevant international
background from both debt and equity markets, and we are convinced that this
addition to our management team will strengthen our ability to grow the Company
further."


Ship Finance International Limited
December 29, 2010
Hamilton, Bermuda

Contact Persons:

Ole B. Hjertaker: Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243

Magnus T. Valeberg: Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960


About Ship Finance

Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 71
vessels, including 30 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, 12 drybulk carriers including nine
newbuildings, nine container vessels, six offshore supply vessels, one jack-up
drilling rig, one ultra-deepwater drillship and two ultra-deepwater semi-
submersible drilling rigs. The fleet is one of the largest in the world and most
of the vessels are employed on long-term charters.

Cautionary Statement Regarding Forward Looking Statements

This 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 Company 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
world wide 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.








This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1476067]

SFL - 3Q 2010 Presentation

Company news

2010-11-23 15:50:02

Press release from Ship Finance International Limited November 23, 2010

Please find enclosed the presentation of the Preliminary Third Quarter
2010 Results to be held Tuesday November 23, 2010 in the link below.



[HUG#1464882]





Presentation of 3rd quarter 2010 results:
http://hugin.info/134876/R/1464882/403279.pdf




This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

SFL - Third Quarter 2010 Results

Company news

2010-11-23 14:30:04

Ship Finance International Limited (NYSE: SFL) - Earnings Release

Reports preliminary 3Q 2010 results and increased quarterly dividend of $0.36
per share



Hamilton, Bermuda, November 23, 2010. Ship Finance International Limited ("Ship
Finance" or the "Company") today announced its preliminary financial results for
the quarter ended September 30, 2010.



Highlights

    · The Board of Directors declared a quarterly dividend of $0.36 per share.
This is the third consecutive dividend increase in 2010.

    · Adjusted net income for the quarter was $36.7 million, or $0.46 per share,
net of a $0.4 million gain on sale of assets and negative non-cash mark-to-
market of interest rate swaps of $2.5 million.

    · Accrued profit share in the third quarter was $5.8 million, or $0.07 per
share. Total accrued profit share for the first nine months of 2010 is $28.6
million and will be payable in March 2011.

    · In August and November 2010, the Company agreed to acquire five 57,000 dwt
Supramax dry bulk carriers in combination with long-term time charters to an
Asia-based logistics company.

    · In October 2010, the Company completed a $84.6 million offering of senior
notes due 2014 in the Norwegian credit market.

    · In November 2010, the Company announced long-term time charters on four
34,000 dwt Handysize dry bulk carriers under construction in China. All
newbuildings have now been chartered out.



Dividends and Results for the Quarter ended September 30, 2010

The Board of Directors has declared a quarterly cash dividend of $0.36 per
share. The dividend will be paid on or about December 30, 2010 to shareholders
of record as of December 8, 2010. The ex-dividend date will be December 6, 2010.

The profit share accrued in the third quarter was $5.8 million, or $0.07 per
share, compared to $11.4 million, or $0.14 per share in the second quarter of
2010. The reduced profit share was caused by a softer tanker spot market in the
third quarter.

Under US GAAP, the ultra-deepwater drilling units West Polaris, West Hercules
and West Taurus and the Panamax dry bulk carrier Golden Shadow are accounted for
as 'investment in associate' using the 'equity method'. Our investment is a
combination of intercompany loans and equity. In our Income Statement, the net
contribution from these unconsolidated subsidiaries is recognized as a
combination of 'interest income from associate' and 'results in associate'.

The Company reported total net operating revenues on a consolidated basis of
$73.5 million, or $0.93 per share, in the third quarter of 2010. This number
excludes charter hire classified as 'repayment of investments in finance lease',
and also excludes substantial charter revenues earned by the assets classified
as 'investment in associate'.

Reported net operating income for the quarter was $44.2 million, or $0.56 per
share, and reported net income was $34.6 million, or $0.44 per share. Adjusted
net income for the quarter was $36.7 million, or $0.46 per share, net of a $0.4
million gain on sale of assets and negative non-cash mark-to-market of
derivatives of $2.5 million.



November 23, 2010

The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda



Questions should be directed to:

Ole B. Hjertaker: Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243

Magnus T. Valeberg: Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960



[HUG#1464855]





Third Quarter 2010 Results:
http://hugin.info/134876/R/1464855/403265.pdf




This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

SFL - Suspension of offering of Senior Secured Notes and termination of tender offer for 8.5% Senior Notes Due 2013

Company news

2010-11-22 22:20:02

Press release from Ship Finance International Limited, November 22, 2010

Ship Finance International Limited (NYSE: SFL) ("Ship Finance" or the "Company")
announced today that due to weakening  market conditions in the debt capital
markets, it will suspend its previously announced public offering of up to $400
million, aggregate principal amount, of Senior Unsecured Notes, due 2020.

Consequently, the Company also announced today that it has terminated its
previously announced tender offer and consent solicitation for its outstanding
8.5% Senior Notes due December 15, 2013 (CUSIP No. 824689 AC 7 -  ISIN No.
US824689 AC 72) (the "Senior Notes").  None of the Senior Notes were purchased
in the offer and any of the Senior Notes previously tendered will be promptly
returned to their respective holders.

The Company launched the financing to opportunistically capitalize upon the
strong market conditions in the debt capital markets by refinancing its existing
Senior Notes early.  There is still more than three years remaining until the
Senior Notes are due and the Company currently has the option to call the Senior
Notes on 30-day notice at 101.417%, reducing to 100% in December 15, 2011 and
thereafter.


November 22, 2010
The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda


Contact Persons:

Ole B. Hjertaker: Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243

Magnus T. Valeberg: Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960


About Ship Finance

Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 72
vessels, including 30 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, 13 drybulk carriers (including 11
newbuildings and one vessel agreed sold with expected delivery in December
2010), nine container vessels, six offshore supply vessels, one jack-up drilling
rig, one ultra-deepwater drillship and two ultra-deepwater semi-submersible
drilling rigs. The fleet is one of the largest in the world and most of the
vessels are employed on long-term charters.

Cautionary Statement Regarding Forward Looking Statements

This 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 Company 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
world wide 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.


[HUG#1464658]








This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

SFL - Commencement of Cash Tender Offer for Outstanding 8.5% Senior Notes due 2013

Company news

2010-11-16 12:10:02

Press release from Ship Finance International Limited, November 16, 2010

Ship Finance International Limited (NYSE: SFL) ("Ship Finance" or the "Company")
announced today that on November 15, 2010 it commenced a cash tender offer (the
"Tender Offer") to repurchase all of its outstanding 8.5% Senior Notes due 2013
(the "2013 Notes") on the terms and conditions set forth in the Offer to
Purchase and Consent Solicitation dated November 15, 2010, and related Letter of
Transmittal, which set forth a more detailed description of the Tender Offer.

The total consideration for the Tender Offer will be up to $1,016.67 per $1,000
principal amount of the 2013 Notes, which amount includes a consent payment of
$16.67 that will only be paid to holders that validly tender and do not validly
withdraw their tenders prior to 5:00 p.m., New York City time, on November
29, 2010. The Tender Offer is scheduled to expire at 11:59 p.m. New York City
time, on December 14, 2010.

The Tender Offer is subject to the satisfaction of certain conditions,
including, among other things, Ship Finance's issuing, in its recently announced
public offering, senior unsecured notes having a principal amount of at least
$400 million and Ship Finance's receipt of valid tenders and consents from
holders not affiliated with the Company of a majority in aggregate principal
amount of the 2013 Notes.

This press release does not constitute an offer to purchase any of the
outstanding 2013 Notes in any jurisdiction in which such offer, solicitation or
sale is unlawful. The Tender Offer is being made by means of an Offer to
Purchase and Consent Solicitation being distributed to all current holders of
the 2013 Notes.

The Company has retained Jefferies & Company to act as dealer manager and
solicitation agent for the Tender Offer.  Copies of the Offer to Purchase and
Consent Solicitation, Letter of Transmittal and other related documents for the
Tender Offer may be obtained from the offices of the dealer manager and
solicitation agent, Jefferies & Company Inc. at The Metro Center, One Station
Place, Three North, Stamford, Connecticut 06902; Attention: Tim Lepore or by
calling (888) 708-5831 (toll free) or (203) 708-5831 (collect).

November 16, 2010

The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda

Contact Persons:

Ole B. Hjertaker: Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243

Magnus T. Valeberg: Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960

About Ship Finance

Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 72
vessels, including 30 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, 13 drybulk carriers (including 11
newbuildings and one vessel agreed sold with expected delivery in December
2010), nine container vessels, six offshore supply vessels, one jack-up drilling
rigs, one ultra-deepwater drillship and two ultra-deepwater semi-submersible
drilling rigs. The fleet is one of the largest in the world and most of the
vessels are employed on long-term charters.

Cautionary Statement Regarding Forward Looking Statements

This 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 Company 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
world wide 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.



[HUG#1462834]








This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

SFL - Invitation to Presentation of 3Q 2010 Results

Company news

2010-11-15 19:10:03

Ship Finance International Limited ("Ship Finance") (NYSE: SFL) plans to release
its financial results for third quarter 2010 on Tuesday November 23, 2010.

The Company plans to host a conference call and a webcast for all shareholders
and interested parties on Tuesday November 23, 2010 at 10:00 AM (EST) / 4:00 PM
(Central European Time). Relevant material will be available from the Investor
Relations section at Hwww.shipfinance.orgH as of the same day.

In order to listen to the presentation you may do one of the following:

a. Webcast
Go to the Investor Relations section at Hwww.shipfinance.orgH and click on the
link to "Webcast". To listen to the conference call from the web, you need to
have installed Windows Media Player, and you need to have a sound card on your
computer.

b. Conference Call
Participants dial in numbers:
US Toll Free # 1-866-239-0753

International Dial In #            +44 207 138 0825

Norwegian Toll Free # 800 19639



Conference ID: 8521048


There will be a Q&A session after the presentation. Information on how to ask
questions will be given at the beginning of the Q&A session.

A replay of the conference call will be available until September 2, 2010,
Midnight by dialing:
US Toll Free # 1-866-932-5017

International Dial In #            +44 207 111 1244



The replay access code is: 8521048#



Contact Persons:
Ole B. Hjertaker: Chief Executive Officer, Ship Finance Management AS
+47 2311 4011 / +47 9014 1243

Magnus T. Valeberg: Vice President, Ship Finance Management AS
+47 2311 4012 / +47 9344 0960




About Ship Finance

Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 72
vessels, including 30 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, 13 drybulk carriers (including 11
newbuildings and one vessel agreed sold with expected delivery in December
2010), nine container vessels, six offshore supply vessels, one jack-up drilling
rigs, one ultra-deepwater drillship and two ultra-deepwater semi-submersible
drilling rigs. The fleet is one of the largest in the world and most of the
vessels are employed on long-term charters.

Cautionary Statement Regarding Forward Looking Statements

This 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 Company 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
world wide 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.


[HUG#1462389]








This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

SFL - Public Offering of Senior Unsecured Notes

Company news

2010-11-15 15:00:03

Press release from Ship Finance International Limited, November 12, 2010

Ship Finance International Limited (NYSE: SFL) ("Ship Finance" or the "Company")
announces that it intends, subject to market conditions, to publicly offer $400
million aggregate principal amount Senior Unsecured Notes due 2020. The Company
expects to launch a tender offer to purchase all of its issued and outstanding
8 1/2% Senior Notes due 2013 and to redeem any 8 1/2% Senior Notes not tendered
in the tender offer. The Company intends to use the new proceeds from this
offering to fund the repurchase or redemption of its 8 1/2% Senior Notes and to
repay other indebtedness and for other corporate purposes.

Jefferies & Company, Inc. and Goldman, Sachs & Co. are acting as joint book-
running managers for this offering. A copy of the preliminary prospectus
supplement and the accompanying base prospectus, which is filed as part of the
Company's effective shelf registration statement on Form F-3, may be obtained
from:

Jefferies & Company, Inc. Goldman, Sachs & Co.

The Metro Center 200 West Street

One Station Place, Three North New York, NY 10282

Stamford, CT 06902



Attention: Timothy Lepore Attention: Prospectus Department

Telephone: (203) 708-5831 Telephone: (866) 471-2526

Email: tlepore@Jefferies.com Email: prospectus-ny@ny.email.gs.com

An electronic copy of the preliminary prospectus supplement and the accompanying
base prospectus may also be obtained at no charge at the Securities and Exchange
Commission's website at www.sec.gov.

The notes are being offered pursuant to an effective registration statement that
the Company previously filed with the Securities and Exchange Commission. This
press release does not constitute an offer to sell or a solicitation of an offer
to buy the securities described herein, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the laws of
such jurisdiction. The offering of the notes will be made only by means of a
preliminary prospectus supplement and the accompanying base prospectus, which is
filed as part of the Company's effective shelf registration statement on Form F-
3.

November 12, 2010
The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda

Contact Persons:

Ole B. Hjertaker: Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243

Magnus T. Valeberg: Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960

About Ship Finance

Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 72
vessels, including 30 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, 13 drybulk carriers (including 11
newbuildings and one vessel agreed sold with expected delivery in December
2010), nine container vessels, six offshore supply vessels, one jack-up drilling
rigs, one ultra-deepwater drillship and two ultra-deepwater semi-submersible
drilling rigs. The fleet is one of the largest in the world and most of the
vessels are employed on long-term charters.

Cautionary Statement Regarding Forward Looking Statements

This 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 Company 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
world wide 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.


[HUG#1462388]








This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

SFL - Acquisition of two new bulk carriers and sale of an older vessel

Company news

2010-11-09 13:50:02

Press release from Ship Finance International Limited, November 9, 2010

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or the "Company"),
today announced that it has agreed to acquire two additional newbuilding
57,000dwt Supramax bulk carriers for a total purchase price of approximately $61
million.

The vessels will be chartered to an investment-grade, Asia-based logistics
company with which we have previously agreed to charter three similar Supramax
bulk carriers. The new time charters have a tenor of 10 years with an average
daily net charter rate of approximately $16,500 net per vessel. Expected
delivery from the shipyard in China is scheduled for the second and third
quarters of 2011. Financing has not yet been finalized, but we have received
indications from banks for 80% of the purchase price.

The Company also announced that Golden Ocean Group Limited ("Golden Ocean") has
exercised a purchase option for the 1997-built Panamax bulk carrier Golden
Shadow in combination with a sale of the vessel to an unrelated third party.
Ship Finance acquired the vessel from Golden Ocean in 2006 in combination with a
10-year bareboat charter back, and as part of that transaction Golden Ocean was
also granted certain fixed-price purchase options. The vessel sale is expected
to be concluded in December 2010, with a sale price of approximately $21.5
million pursuant to the option agreement. Net cash proceeds to the Company will
be approximately $4.5 million after prepayment of related financing.

Ole B. Hjertaker, CEO of Ship Finance Management AS, said in a comment: "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. Including this new transaction, our aggregate charter backlog now
stands at approximately $6.8 billion with a weighted average term of
approximately 12 years."



November 9, 2010

The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda


Contact Persons:
Ole B. Hjertaker: Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243

Magnus T. Valeberg: Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960


About Ship Finance

Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 71
vessels, including 30 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, 12 dry bulk carriers, nine container
vessels, six offshore supply vessels, one jack-up drilling rig and three ultra-
deepwater drilling units. The fleet is one of the largest in the world and most
of the vessels are employed on long-term charters. The Company has declared a
cash dividend for 26 consecutive quarters.

More information can be found on the Company's website: www.shipfinance.org

Cautionary Statement Regarding Forward Looking Statements

This 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.



[HUG#1460450]








This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

SFL - New Charters and Financing Agreements

Company news

2010-11-03 13:50:03

Press release from Ship Finance International Limited, November 3, 2010

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or the "Company"),
today announced new time-charters for the four remaining 34,000dwt Handysize
bulk carriers under construction in China. The Company has agreed to charter the
vessels 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.

The new loan will be approximately $54 million, or 80% of the contract price of
the vessels, and will have a tenor of eight years. Ship Finance will only
provide corporate guarantees for a limited part of the outstanding loan amount.
The equity contribution per vessel will be approximately $7 million, and the net
cash flow after expected operating expenses, interest and loan amortization is
projected to be on average approximately $1 million per year per vessel.

Following the above chartering agreements, Ship Finance has secured medium to
long-term charters for all vessels under construction. To date all payments
relating to newbuildings have been funded from the Company's cash position and
the Company is in dialogue with financing institutions for the long-term funding
of the remaining vessels under construction.



November 3, 2010

The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda


Contact Persons:
Ole B. Hjertaker: Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243

Magnus T. Valeberg: Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960


About Ship Finance

Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 70
vessels, including 30 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, 11 dry-bulk carriers, nine container
vessels, six offshore supply vessels, one jack-up drilling rig and three ultra-
deepwater drilling units. The fleet is one of the largest in the world and most
of the vessels are employed on long-term charters. The Company has declared a
cash dividend for 26 consecutive quarters.

More information can be found on the Company's website: www.shipfinance.org

Cautionary Statement Regarding Forward Looking Statements

This 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.


[HUG#1458539]








This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

SFL - 2010 Annual General Meeting

Company news

2010-09-27 10:10:02

Ship Finance International Limited (the "Company") advises that the 2010 Annual
General Meeting of the Company was held on September 24, 2010 at 12:10 p.m. at
the Elbow Beach Hotel, 60 South Shore Road, Paget PG04, Bermuda.  The following
resolutions were passed:


1)    To re-elect Paul Leand Jr. as a Director of the Company.

2)    To re-elect Kate Blankenship as a Director of the Company.

3)    To re-elect Hans Petter Aas as a Director of the Company.

4)    To re-elect Cecilie Fredriksen as a Director of the Company.

5)    To re-appoint Moore Stephens, P.C. as auditors and to authorise the
Directors to determine their remuneration.

6)    That the remuneration payable to the Company's Board of Directors of a
total amount of fees not to exceed US$510,000.00 be approved for the year ended
December 31, 2010.


In addition, the audited consolidated financial statements for Ship Finance
International Limited for the year ended December 31, 2009 were presented to the
Meeting.



Hamilton, Bermuda
September 24, 2010



About Ship Finance

Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 70
vessels, including 30 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, 11 dry-bulk carrier, nine container
vessels, six offshore supply vessels, one jack-up drilling rigs and three
ultra-deepwater drilling units. The fleet is one of the largest in the world and
most of the vessels are employed on long-term charters. The Company has declared
a cash dividend for 26 consecutive quarters.

More information can be found on the Company's website: www.shipfinance.org

Cautionary Statement Regarding Forward Looking Statements

This 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
world wide 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.


[HUG#1446955]








This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

SFL - Successful placement of Senior Unsecured Bond

Company news

2010-09-23 14:40:03

Press release from Ship Finance International Limited, September 23, 2010

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or the "Company")
announces that it has successfully placed a new senior unsecured bond loan in
the Norwegian credit market with maturity in April 2014. The total loan amount
is NOK 500 million, which is equivalent to approximately USD 85 million, and
drawdown will be in early October 2010. All payments are swapped to USD with a
fixed interest rate of 5.32% p.a.

The proceeds of the loan will be used for general corporate purposes.

This press release is neither an offer to sell nor a solicitation of an offer to
buy any of the bond or any other security of the Company.  The bond loan has not
been registered under the Securities Act or any state securities laws, and is
being offered for resale only to qualified institutional buyers in reliance on
Rule 144A under the Securities Act.  Unless so registered, the bond loan may not
be offered or sold in the United States except pursuant to an exemption from
registration requirements of the Securities Act and applicable state securities
laws.

September 23, 2010

The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda


Contact Persons:
Ole B. Hjertaker: Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243

Magnus T. Valeberg: Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960


About Ship Finance

Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 70
vessels, including 30 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, 11 dry-bulk carrier, nine container
vessels, six offshore supply vessels, one jack-up drilling rigs and three
ultra-deepwater drilling units. The fleet is one of the largest in the world and
most of the vessels are employed on long-term charters. The Company has declared
a cash dividend for 26 consecutive quarters.

More information can be found on the Company's website: www.shipfinance.org

Cautionary Statement Regarding Forward Looking Statements

This 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
world wide 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.


[HUG#1446432]








This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

SFL - Contemplated bond issue

Company news

2010-09-20 14:50:03

Press release from Ship Finance International Limited, September 20, 2010

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or the "Company")
announces that it intends to issue a new bond loan in the Norwegian credit
market with maturity in April 2014 and a minimum loan amount equivalent to
approximately USD 50 million. The proceeds of the loan are expected to be used
for general corporate purposes.

A portion of the new bond loan may be offered to qualified institutional
investors in the United States pursuant to Rule 144A of the U.S. Securities Act
of 1933, as amended (the "Securities Act") and will be concurrently offered
outside of the United States pursuant to Regulation S of the Securities Act.

Pareto Securities AS has been appointed as arranger of the new contemplated bond
issue.

This press release is neither an offer to sell nor a solicitation of an offer to
buy any of the bond or any other security of the Company.  The bond loan has not
been registered under the Securities Act or any state securities laws, and is
being offered for resale only to qualified institutional buyers in reliance on
Rule 144A under the Securities Act.  Unless so registered, the bond loan may not
be offered or sold in the United States except pursuant to an exemption from
registration requirements of the Securities Act and applicable state securities
laws.

September 20, 2010
The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda


Contact Persons:
Inge Edvardsen: Pareto Securities AS
+47 22878771 / +47 97515969

Ole B. Hjertaker: Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243

Magnus T. Valeberg: Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960


About Ship Finance

Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 70
vessels, including 30 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, 11 dry-bulk carrier, nine container
vessels, six offshore supply vessels, one jack-up drilling rigs and three
ultra-deepwater drilling units. The fleet is one of the largest in the world and
most of the vessels are employed on long-term charters. The Company has declared
a cash dividend for 26 consecutive quarters.

More information can be found on the Company's website: www.shipfinance.org

Cautionary Statement Regarding Forward Looking Statements

This 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
world wide 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.


[HUG#1445406]








This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

SFL - Jefferies 7th Global Shipping and Logistics Conference

Company news

2010-09-03 15:20:03

Press release from Ship Finance International Ltd. September 3, 2010

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or "SFL")
announced today that Ole B. Hjertaker, CEO, will present at the Jefferies 7th
Global Shipping and Logistics Conference. The presentation will take place on
September 8, 2010 at 11.30am (EST).

A live audio webcast of the presentation can be found at the following link:
http://www.wsw.com/webcast/jeff51/sfl/

The link to the audio webcast will be live just prior to the start of the
presentation. A replay of the audio webcast will be available through our
website http://www.shipfinance.org for 90 days.


About Ship Finance

Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 70
vessels, including 30 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, 11 dry-bulk carrier, nine container
vessels, six offshore supply vessels, one jack-up drilling rigs and three
ultra-deepwater drilling units. The fleet is one of the largest in the world and
most of the vessels are employed on long-term charters. The Company has declared
a cash dividend for 26 consecutive quarters.

More information can be found on the Company's website: www.shipfinance.org

Cautionary Statement Regarding Forward Looking Statements

This 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
world wide 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.


[HUG#1442623]








This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

SFL - Notice of Annual General Meeting 2010

Company news

2010-09-02 10:40:02

Press release from Ship Finance International Limited, September 2, 2010

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or the "Company")
announces that its 2010 Annual General Meeting will be held on September
24, 2010. A copy of the Notice of Annual General Meeting and associated
information including the Company's Annual Report on Form 20-F can be found on
our website and in the attachments below.


September 2, 2010
The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda



About Ship Finance

Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 70
vessels, including 30 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, 11 dry-bulk carrier, nine container
vessels, six offshore supply vessels, one jack-up drilling rigs and three
ultra-deepwater drilling units. The fleet is one of the largest in the world and
most of the vessels are employed on long-term charters. The Company has declared
a cash dividend for 26 consecutive quarters.

More information can be found on the Company's website: www.shipfinance.org

Cautionary Statement Regarding Forward Looking Statements

This 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
world wide 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.


[HUG#1442269]





SFL - Notice of Annual General Meeting:
http://hugin.info/134876/R/1442269/386539.pdf

SFL - Annual Report 2009:
http://hugin.info/134876/R/1442269/386541.pdf




This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

SFL - 2Q 2010 Presentation

Company news

2010-08-26 16:00:04

Press release from Ship Finance International Limited August 26, 2010

Please find enclosed the presentation of the Preliminary Second Quarter 2010
Results to be held Thursday, August 26, 2010 in the link below.




[HUG#1440708]





Presentation of 2nd quarter 2010 results:
http://hugin.info/134876/R/1440708/385034.pdf




This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
All reproduction for further distribution is prohibited.

Source: Ship Finance International Limited via Thomson Reuters ONE

SFL - Second Quarter 2010 Results

Company news

2010-08-26 14:30:04

Ship Finance International Limited (NYSE: SFL) - Earnings Release

Reports preliminary 2Q 2010 results and increased quarterly dividend of $0.35
per share

Hamilton, Bermuda, August 26, 2010. Ship Finance International Limited ("Ship
Finance" or the "Company") today announced its preliminary financial results for
the quarter ended June 30, 2010.

Highlights

* The Board of Directors declared an increased quarterly dividend of $0.35 per
share. This is the second dividend increase in 2010 and the Company has now
paid dividends the last 26 consecutive quarters.
* Reported net income for the quarter was $43.6 million, or $0.55 per share.
* Accrued profit share in the second quarter was $11.4 million, or $0.14 per
share. Total accrued profit share for the first half of 2010 is $22.7
million.
* We have agreed to acquire three 57,000dwt Supramax dry bulk carries for a
total investment of $100.7 million. The vessels have been chartered to an
Asia-based logistics company on long-term time charters at approximately
$17,000 per day, adding approximately $160 million to our fixed-rate charter
backlog.



Dividends and Results for the Quarter ended June 30, 2010

The Board of Directors has declared an increased quarterly cash dividend of
$0.35 per share. The dividend will be paid on or about September 30, 2010 to
shareholders of record as of September 10, 2010. The ex-dividend date will be
September 8, 2010.

The profit share accrued in the second quarter was $11.4 million, or $0.14 per
share, compared to $11.3 million, or $0.14 per share in the first quarter of
2010. The accrued profit share in the quarter was on the back of strong revenues
in the tanker sector in the second quarter.

Under US GAAP, the ultra-deepwater drilling units West Polaris, West Hercules
and West Taurus and the Panamax dry bulk carrier Golden Shadow are accounted for
as 'investment in associate'. Consequently, only the aggregate 'net income' from
these assets is recognized in the consolidated income statement of Ship Finance
as 'results in associate'.

The Company reported total net operating revenues of $80.8 million, or $1.02 per
share, in the second quarter of 2010. This number excludes charter hire
classified as 'repayment of investments in finance lease', and also excludes
substantial charter revenues earned by the assets classified as 'investment in
associate'.

Reported net operating income for the quarter was $50.1 million, or $0.63 per
share, and reported net income was $43.6 million, or $0.55 per share.



August 26, 2010
The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda



Questions should be directed to:

Ole B. Hjertaker: Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243

Magnus T. Valeberg: Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960


[HUG#1440628]





Second Quarter 2010 Results:
http://hugin.info/134876/R/1440628/384996.pdf




This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
All reproduction for further distribution is prohibited.

Source: Ship Finance International Limited via Thomson Reuters ONE

SFL - Invitation to Presentation of 2Q 2010 Results

Company news

2010-08-17 14:50:02

Ship Finance International Limited ("Ship Finance") (NYSE: SFL) plans to release
its financial results for second quarter 2010 on Thursday August 26, 2010.

The Company plans to host a conference call and a webcast for all shareholders
and interested parties on Thursday August 26, 2010 at 10:30 AM (EST) / 4:30 PM
(Central European Time). Relevant material will be available from the Investor
Relations section at www.shipfinance.org as of the same day.

In order to listen to the presentation you may do one of the following:

a. Webcast
Go to the Investor Relations section atwww.shipfinance.org and click on the link
to "Webcast". To listen to the conference call from the web, you need to have
installed Windows Media Player, and you need to have a sound card on your
computer.

b. Conference Call
Participants dial in numbers:
US Toll Free # 1-866-239-0750

International Dial In #       +44 207 136 2051

Norwegian Toll Free # 800 19639



Conference ID: 7389654



There will be a Q&A session after the presentation. Information on how to ask
questions will be given at the beginning of the Q&A session.

A replay of the conference call will be available until September 2, 2010,
Midnight by dialing:
US Toll Free # 1-866-932-5017

International Dial In #       +44 207 111 1244



The replay access code is: 7389654#




Contact Persons:
Ole B. Hjertaker: Chief Executive Officer, Ship Finance Management AS
+47 2311 4011 / +47 9014 1243

Magnus T. Valeberg: Vice President, Ship Finance Management AS
+47 2311 4012 / +47 9344 0960




About Ship Finance

Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 68
vessels, including 31 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, eight dry-bulk carrier, nine container
vessels, six offshore supply vessels, one jack-up drilling rigs and three
ultra-deepwater drilling units. The fleet is one of the largest in the world and
most of the vessels are employed on long-term charters. The Company has declared
a cash dividend for 25 consecutive quarters.

More information can be found on the Company's website: www.shipfinance.org



Cautionary Statement Regarding Forward Looking Statements

This 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
world wide 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.


[HUG#1438428]








This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
All reproduction for further distribution is prohibited.

Source: Ship Finance International Limited via Thomson Reuters ONE

SFL - 1Q 2010 Presentation

Company news

2010-05-20 16:10:03

Press release from Ship Finance International Limited May 20, 2010



Please find enclosed the presentation of the preliminary first quarter
2010 results to be held Thursday, May 20, 2010 in the link below.





[HUG#1417711]





Presentation of 1st quarter 2010 results: http://hugin.info/134876/R/1417711/368102.pdf

SFL - First Quarter 2010 Results

Company news

2010-05-20 14:50:03

Ship Finance International Limited (NYSE: SFL) - Earnings Release

Reports preliminary 1Q 2010 results and increased quarterly dividend of $0.33
per share

Hamilton, Bermuda, May 20, 2010. Ship Finance International Limited ("Ship
Finance" or the "Company") today announced its preliminary financial results for
the quarter ended March 31, 2010.

Highlights

* Declared an increased quarterly dividend of $0.33 per share.
* Reported net income for the quarter of $57.0 million, or $0.72 per share.
The result includes a $26.0 million gain related to the newbuilding Suezmax
tanker Everbright and a negative $12.8 million mark to market of derivatives
relating to interest rate swaps.
* Accrued profit share in the first quarter was $11.3 million, or $0.14 per
share.
* In February 2010, the VLCC Front Vista was sold to a subsidiary of Frontline
Ltd. ("Frontline") for net sales proceeds of $58.5 million.
* In March 2010, the newbuilding Suezmax tanker Everbright was delivered from
the shipyard and chartered out for five years.
* In March 2010, the Company refinanced a syndicated bank loan relating to 26
vessels on charter to Frontline. The new five-year facility was upsized from
$675 million to $725 million due to very strong demand in the banking
market.
* In April 2010, the single-hull VLCC Golden River was sold to an unrelated
third party for a net sales price of approximately $12.6 million.
* Three Handysize dry bulk carriers under construction in China have already
been chartered out for three years at attractive rates. Scheduled delivery
is in 2011-2012.



Dividends and Results for the Quarter ended March 31, 2010

The Board of Directors has declared an increased quarterly cash dividend of
$0.33 per share. The dividend will be paid on or about June 10, 2010 to
shareholders of record as of June 2, 2010. The ex-dividend date will be May
28, 2010.

The profit share accrued in the first quarter was $11.3 million, or $0.14 per
share, compared to $5.7 million, or $0.07 per share in the fourth quarter of
2009.

Under US GAAP, the 100% owned ultra-deepwater drilling units West Polaris, West
Hercules and West Taurus and the Panamax dry bulk carrier Golden Shadow are
accounted for as 'investment in associate'. Consequently, only the aggregate
'net income' from these assets is recognized in the consolidated income
statement of Ship Finance as 'results in associate'.

The Company reported total net operating revenues of $82.6 million, or $1.04 per
share, in the first quarter of 2010. This number excludes charter hire
classified as 'repayment of investments in finance lease', and also excludes
substantial charter revenues earned by the assets classified as 'investment in
associate'. Gross charter hire revenues, including these items, were $196.7
million or $2.49 per share.

Reported net operating income for the quarter was $78.9 million, or $1.00 per
share, and reported net income was $57.0 million, or $0.72 per share.


For the complete report, please see the link below.

May 20, 2010
The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda


Questions should be directed to:

Ole B. Hjertaker: Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243

Magnus T. Valeberg: Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960




[HUG#1417648]





First quarter 2010 results: http://hugin.info/134876/R/1417648/368090.pdf

SFL - Invitation to Presentation of 1Q 2010 Results

Company news

2010-05-12 12:50:03

Ship Finance International Limited ("Ship Finance") (NYSE: SFL) plans to release
its financial results for first quarter 2010 on Thursday May 20, 2010.

The Company plans to host a conference call and a webcast for all shareholders
and interested parties on Thursday May 20, 2010 at 10:30 AM (EST) / 4:30 PM
(Central European Time). Relevant material will be available from the Investor
Relations section at Hwww.shipfinance.org H as of
the same day.

In order to listen to the presentation you may do one of the following:

a. Webcast
Go to the Investor Relations section at Hwww.shipfinance.org
H and click on the link to "Webcast". To listen to
the conference call from the web, you need to have installed Windows Media
Player, and you need to have a sound card on your computer.

b. Conference Call
Participants dial in numbers:
US Toll Free # 1-866-239-0753

International Dial In #    +44 207 138 0826

Norwegian Toll Free # 800 19639



Conference ID: 3733945



There will be a Q&A session after the presentation. Information on how to ask
questions will be given at the beginning of the Q&A session.

A replay of the conference call will be available until May 27, 2010, Midnight
by dialing:
US Toll Free # 1-866-932-5017

International Dial In #    +44 (0)20 7111 1244



The replay access code is: 3733945#




Contact Persons:
Ole B. Hjertaker: Chief Executive Officer, Ship Finance Management AS
+47 2311 4011 / +47 9014 1243

Magnus T. Valeberg: Vice President, Ship Finance Management AS
+47 2311 4012 / +47 9344 0960




About Ship Finance

Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 68
vessels, including 31 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, eight dry-bulk carrier, nine container
vessels, six offshore supply vessels, one jack-up drilling rigs and three
ultra-deepwater drilling units. The fleet is one of the largest in the world and
most of the vessels are employed on long-term charters. The Company has declared
a cash dividend for 24 consecutive quarters.

More information can be found on the Company's website: www.shipfinance.org



Cautionary Statement Regarding Forward Looking Statements

This 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
world wide 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.


[HUG#1415254]

SFL - Filing of Annual Report on Form 20-F

Company news

2010-04-02 14:00:03

Press release from Ship Finance International Limited April 2, 2010

Ship Finance International Limited (NYSE: SFL) announces that the Company has
filed its annual report on Form 20-F for the year ended December 31, 2009.

The annual report can be downloaded from the Company's website at
www.shipfinance.org. Shareholders can also request a hard copy of our complete
audited financial statements free of charge upon request by writing us at:



Ship Finance International Limited
PO Box HM 1593, Par-la-Ville Place
14 Par-la-Ville Road
Hamilton HM 08 Bermuda

or send an e-mail to: ir@shipfinance.no



April 2, 2010

The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda



Contact Persons:

Ole B. Hjertaker: Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243

Magnus T. Valeberg: Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960



About Ship Finance

Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 68
vessels, including 31 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, one dry-bulk carrier, 9 container vessels,
six offshore supply vessels, one jack-up drilling rigs and three ultra-deepwater
drilling units. The fleet is one of the largest in the world and most of the
vessels are employed on long-term charters. The Company has declared a cash
dividend for 24 consecutive quarters.

More information can be found on the Company's website: www.shipfinance.org



Cautionary Statement Regarding Forward Looking Statements

This 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
world wide 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.



[HUG#1400502]





SFL - 2009 Annual Report: http://hugin.info/134876/R/1400502/355834.pdf

SFL - Upsize of refinancing, delivery of a newbuilding Suezmax and sale of a single-hull VLCC

Company news

2010-03-18 14:20:03

Press release from Ship Finance International Limited, March 18, 2010

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or the "Company"),
today announced that it has agreed with a syndicate of leading international
banks to upsize the planned refinancing of 26 vessels on charter to Frontline by
$50 million to $725 million.

The background for the increase is the significant oversubscription in the
banking market, combined with conservative leverage on underlying asset values.
The upsize will not affect other terms and closing of the refinancing is
expected to be finalized within March 2010.

In addition, the Company announced that is has today taken delivery of the
newbuilding Suezmax Everbright from the shipyard. This is a sister vessel of the
Suezmax Glorycrown which was delivered from the shipyard in November 2009, and
both vessel are employed on 5-year bareboat charters to an affiliate of North
China Shipping Holdings Co. Ltd. ("North China")

The delivered cost price per vessel is approximately $70 million, and Ship
Finance has received $40.5 million net upfront per vessel from North China. In
addition, the Company has secured $42.6 million financing per vessel, and the
net effect of this is a significant positive cash contribution. There was a book
gain of approximately $24.5 million relating to the delivery of the first vessel
in the fourth quarter, and we expect a similar effect also with respect to the
delivery of the second vessel in this quarter.

Ship Finance has also agreed to sell the single-hull VLCC Golden River to an
unrelated third party for a net sales price of approximately $12.6 million.
Delivery to the new owner is expected to take place in April 2010, and Ship
Finance will receive net cash proceeds of approximately $4.7 million after
prepayment of associated debt and compensation to Frontline for the termination
of the current charter.

The reduction of the single-hull tanker exposure is in line with the Company's
strategy of focusing on modern assets in various shipping and offshore segments.
Following this sale, and excluding one vessel previously announced sold on
hire/purchase terms, Ship Finance will have only five non-double hull crude oil
tankers remaining in the fleet.

Ole B. Hjertaker, CEO in Ship Finance Management AS, said in a comment: "The
increase in the loan facility amount demonstrates our standing in the bank
market, and the additional $50 million will further strengthen our ability to
take advantage of opportunities that may arise. In our view, access to both
attractively priced capital and deal opportunities will be instrumental in our
efforts to continue our accretive growth and building the distribution capacity.

We are also very pleased with the delivery of the second newbuilding Suezmax to
North China. In addition to a significant positive cash contribution, we are
also building our charter backlog with quality counterparts, currently totaling
more than $6.8 billion."


March 18, 2010

The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda


Contact Persons:
Ole B. Hjertaker: Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243

Magnus T. Valeberg: Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960



About Ship Finance
Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 68
vessels, including 31 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, one dry-bulk carrier, 9 container vessels,
six offshore supply vessels, one jack-up drilling rigs and three ultra-deepwater
drilling units. The fleet is one of the largest in the world and most of the
vessels are employed on long-term charters. The Company has declared a cash
dividend for 24 consecutive quarters.

More information can be found on the Company's website: www.shipfinance.org


Cautionary Statement Regarding Forward Looking Statements

This 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
world wide 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.


[HUG#1395348]

SFL - J.P. Morgan Aviation & Transportation Conference

Company news

2010-03-08 14:10:02

Press release from Ship Finance International Limited March 8, 2010

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or "SFL") today
announced that Ole B. Hjertaker, CEO, will present at the J.P. Morgan Aviation &
Transportation Conference. The presentation will take place on March 10, 2010 at
11:15 AM Eastern Daylight Time.

A live audio webcast of the presentation can be found at the following link:
http://metameetings.com/webcasts/jpmorgan/aviation10/directlink?ticker=SFL

The link to the audio webcast will be live just prior to the start of the
presentation. A replay of the audio webcast will be available through our
website http://www.shipfinance.org for a period of 90 days.




About Ship Finance

Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 69
vessels, including 32 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, eight dry-bulk carriers, 9 container
vessels, six offshore supply vessels, one jack-up drilling rig and three
ultra-deepwater drilling units. The fleet is one of the largest in the world and
most of the vessels are employed on long-term charters. The Company has declared
a cash dividend for 24 consecutive quarters.

More information can be found on the Company's website: www.shipfinance.org



Cautionary Statement Regarding Forward Looking Statements

This 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
world wide 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.


[HUG#1391718]

SFL - 4Q 2009 Presentation

Company news

2010-02-26 16:00:03

Press release from Ship Finance International Limited February 26, 2010

Please find enclosed the presentation of the Preliminary Fourth Quarter Results
to be held Friday, February 26, 2010 in the link below.




[HUG#1389228]





Presentation of 4th quarter 2009 results: http://hugin.info/134876/R/1389228/347420.pdf

SFL - Fourth Quarter 2009 Results

Company news

2010-02-26 14:30:03

Ship Finance International Limited (NYSE: SFL) - Earnings Release

Reports preliminary 4Q 2009 results and quarterly dividend of $0.30 per share

Hamilton, Bermuda, February 26, 2010. Ship Finance International Limited ("Ship
Finance" or the "Company") today announced its preliminary financial results for
the quarter ended December 31, 2009.

Highlights

* Declared a quarterly dividend of $0.30 per share.
* Reported net income for the quarter of $62.4 million, or $0.80 per share.
The result includes a $24.7 million cash gain related to the newbuilding
Suezmax Glorycrown.
* Accrued profit share in the fourth quarter was $5.7 million, or $0.07 per
share. The total accrued profit share for 2009 was $33.0 million and is
payable in March 2010.
* In November 2009, the first newbuilding Suezmax tanker was delivered from
the shipyard and was chartered out for five years with a purchase obligation
at the end. The transaction also included a $40.5 million upfront cash
payment by the charterer.
* In November 2009, the charterer of the single-hull VLCC Front Vanadis
exercised a pre-agreed purchase option of $11.7 million.
* In February 2010, the VLCC Front Vista was sold to a subsidiary of Frontline
Ltd. ("Frontline") for net sales proceeds of $58.5 million.
* Ship Finance has converted newbuilding contracts for container vessels into
Handysize dry bulk vessels with delivery in 2011 and 2012.
* The Company is in the process of refinancing a syndicated bank loan relating
to 26 vessels on charter to Frontline. The new five-year $675 million
facility is already significantly oversubscribed, and we expect the
documentation to be finalized in the first quarter.



Dividends and Results for the Quarter ended December 31, 2009

The Board of Directors has declared a quarterly cash dividend of $0.30 per
share.  The dividend will be paid on or about 30 March, 2010 to shareholders of
record as of 19 March, 2010. The ex-dividend date will be 17 March, 2010.

The profit share accrued in the fourth quarter was $5.7 million, or $0.07 per
share, compared to $4.8 million, or $0.06 per share in the third quarter of
2009. The total profit share accrued in 2009 was $33.0 million, and will be
payable in March 2010.

Under US GAAP, the 100% owned ultra-deepwater drilling units West Polaris, West
Hercules and West Taurus and the Panamax dry bulk vessel Golden Shadow are
accounted for as 'investment in associate'. Consequently, only the aggregate
'net income' from these vessel-owning subsidiaries is recognized in the
consolidated income statement of Ship Finance as 'results in associate'.

The Company reported total net operating revenues of $80.1 million, or $1.03 per
share, in the fourth quarter of 2009. This number excludes charter hire
classified as 'repayment of investments in finance lease', and also excludes
substantial charter revenues earned by the three 100% owned subsidiaries
classified as 'investment in associate'. Gross charter hire revenues, including
these items, were $202.8 million or $2.60 per share.

Reported net operating income for the quarter was $72.2 million, or $0.92 per
share, and reported net income was $62.4 million, or $0.80 per share.

For the complete report please see the link below.

February 26, 2010
The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda


Questions should be directed to:

Ole B. Hjertaker: Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243

Magnus T. Valeberg: Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960


[HUG#1389163]





Fourth quarter 2009 results: http://hugin.info/134876/R/1389163/347367.pdf

SFL - Invitation to Presentation of 4Q 2009 Results

Company news

2010-02-19 15:20:04

Ship Finance International Limited ("Ship Finance") (NYSE: SFL) plans to release
its financial results for fourth quarter 2009 on Friday February 26, 2010.

The Company plans to host a conference call and a webcast for all shareholders
and interested parties on Friday February 26, 2010 at 10:30 AM (EST) / 4:30 PM
(Central European Time). Relevant material will be available from the Investor
Relations section at Hwww.shipfinance.org H as of
the same day.

In order to listen to the presentation you may do one of the following:

a. Webcast
Go to the Investor Relations section at Hwww.shipfinance.org
H and click on the link to "Webcast". To listen to
the conference call from the web, you need to have installed Windows Media
Player, and you need to have a sound card on your computer.

b. Conference Call
Participants dial in numbers:

US Toll Free # 1-888-935-4575

International Dial In #            +44 207 806 1951

Norwegian Toll Free # 800 19640



Conference ID: 3149128



There will be a Q&A session after the presentation. Information on how to ask
questions will be given at the beginning of the Q&A session.

A replay of the conference call will be available until March 5, 2010, Midnight
by dialing:

US Toll Free # 1-888-932-5017

International Dial In #            +44 207 111 1244



The replay access code is: 3149128#



Contact Persons:
Ole B. Hjertaker: Chief Executive Officer, Ship Finance Management AS
+47 2311 4011 / +47 9014 1243

Magnus T. Valeberg: Vice President, Ship Finance Management AS
+47 2311 4012 / +47 9344 0960



About Ship Finance
Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 66
vessels, including 32 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, one dry-bulk carrier, 13 container vessels,
six offshore supply vessels, one jack-up drilling rig and three ultra-deepwater
drilling units. The fleet is one of the largest in the world and most of the
vessels are employed on long-term charters. The Company has declared a cash
dividend for 23 consecutive quarters.

More information can be found on the Company's website: www.shipfinance.org


Cautionary Statement Regarding Forward Looking Statements
This 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
world wide 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.


[HUG#1386627]

SFL - Sale of VLCC

Company news

2010-02-05 11:00:03

Press release from Ship Finance International Limited, February 5, 2010

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or the "Company"),
today announced that it has sold the 1998-built VLCC Front Vista to a subsidiary
of Frontline Ltd. ("Frontline") for total sales proceeds of $58.5 million.

Frontline has concurrently agreed to sell the vessel to an undisclosed third
party with settlement by way of installments. This transaction is linked to a
10-year time charter to a state-owned oil company.

Ship Finance will receive net proceeds of approximately $22.1 million after
prepayment of associated debt. The sale is expected to result in a book gain on
sale of assets of approximately $1.8 million.


February 5, 2010
The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda


Contact Persons:
Ole B. Hjertaker: Chief Financial Officer, Ship Finance Management AS
+47 2311 4011 / +47 9014 1243

Magnus T. Valeberg: Vice President, Ship Finance Management AS
+47 2311 4012 / +47 9344 0960


About Ship Finance

Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 66
vessels, including 32 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, one dry-bulk carrier, 13 container vessels,
six offshore supply vessels, one jack-up drilling rig and three ultra-deepwater
drilling units. The fleet is one of the largest in the world and most of the
vessels are employed on long-term charters. The Company has declared a cash
dividend for 23 consecutive quarters.

More information can be found on the Company's website: www.shipfinance.org



Cautionary Statement Regarding Forward Looking Statements

This 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
world wide 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.


[HUG#1381125]

SFL - 3Q-09 Dividend Information

Company news

2010-01-25 14:10:03

Press release from Ship Finance International Limited, Jauary 25, 2010

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or "the Company")
refers to the announcement of the third quarter 2009 dividend payable in cash
or, at the shareholders request, in newly issued common shares on or about
January 27, 2010.

Shareholders beneficially owning approximately 52% of our outstanding shares
have elected to receive 0.0228 common shares for each share held, and
approximately 0.9 million new common shares will be issued as a result of such
elections. The remaining shareholders will receive a cash dividend payment of
$0.30 per share.

Following this dividend payment, the total number of the Company's outstanding
common shares will be approximately 79.1 million.

Any questions relating to the dividend payment should be directed to your
broker, bank, or other nominee, or alternatively to BNY Mellon, our transfer
agent:

U.S. Toll Free: 1-800-301-3489
International: +1 201 680 6578
http://www.melloninvestor.com



About Ship Finance

Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 67
vessels, including 33 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, one dry-bulk carrier, 13 container vessels,
six offshore supply vessels, one jack-up drilling rig and three ultra-deepwater
drilling units. The fleet is one of the largest in the world and most of the
vessels are employed on long-term charters. The Company has decleared a cash
dividend for 23 consecutive quarters.

More information can be found on the Company's website: www.shipfinance.org



Cautionary Statement Regarding Forward Looking Statements

This 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
world wide 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.


[HUG#1376829]

SFL - 3Q-09 Dividend Information

Company news

2009-12-07 14:40:04

Hamilton, Bermuda, December 7, 2009

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or "the
Company") refers to the second quarter report released on November
27, 2009 announcing a dividend of $0.30 per share. The Company's
common shares are now trading ex-dividend on the New York Stock
Exchange.

Pursuant to a prospectus supplement filed with the Securities and
Exchange Commission ("SEC") on December 4, 2009, shareholders may
elect to receive the dividend in the form of newly issued common
shares of the Company. No action is required to be taken by
shareholders who wish to receive a cash dividend.

Shareholders electing to be paid the dividend in newly issued common
shares will receive 0.0228 common shares for each share held by such
shareholder as of the record date of December 8, 2009. The
calculation is based on the volume-weighted average shareprice of
$13.86 on the New York Stock Exchange during the three trading days
ending December 3, 2009, less a 5% discount. If all shareholders
elect to receive common shares, the Company will issue up to 1.8
million new common shares.

Shareholders owning common shares registered in their own name as of
December 8, 2009, will receive information by mail containing
instructions on how to elect to receive the dividend in common
shares. Shareholders beneficially owning common shares as of
December 8, 2009, that are registered in the name of a broker, dealer
or other nominee should contact the registered holder of such common
shares and instruct such registered holder if they wish to receive
the dividend in additional common shares. All shareholder elections
must be received no later than 5:00 p.m., New York City time, on
January 19, 2010.

This press release does not constitute an offer to sell or the
solicitation of an offer to buy the Company's securities, nor will
there be any sale of the securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful. The
offering of the stock dividend is being made only pursuant to a
prospectus supplement to the Company's unallocated shelf registration
statement on Form F-3 (Registration No. 333-158162). The prospectus
supplement was filed with the SEC on December 4, 2009. Shareholders
are advised to refer to the prospectus supplement for additional
information regarding the dividend.

Any questions relating to election of the dividend in common shares
should be directed to your broker, bank, or other nominee, or
alternatively to BNY Mellon, our transfer agent:

U.S. Toll Free: 1-800-301-3489
International: +1 201 680 6578
http://www.melloninvestor.com



About Ship Finance

Ship Finance is a major ship owning company listed on the New York
Stock Exchange (NYSE: SFL). Including newbuildings, the Company has a
fleet of 67 vessels, including 33 crude oil tankers (VLCC and
Suezmax), two chemical tankers, eight oil/bulk/ore vessels, one
dry-bulk carrier, 13 container vessels, six offshore supply vessels,
one jack-up drilling rig and three ultra-deepwater drilling units.
The fleet is one of the largest in the world and most of the vessels
are employed on long-term charters. The Company has decleared a cash
dividend for 23 consecutive quarters.

More information can be found on the Company's website:
www.shipfinance.org



Cautionary Statement Regarding Forward Looking Statements

This 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 world
wide 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.


This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.

SFL - 3Q 2009 Presentation

Company news

2009-11-27 16:20:03

Press release from Ship Finance International Limited November 27,
2009

Please find enclosed the presentation of the Preliminary Third
Quarter Results to be held Friday, November 27, 2009 in the link
below.


This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.

SFL - Third Quarter 2009 Results

Company news

2009-11-27 15:00:03

Ship Finance International Limited (NYSE: SFL) - Earnings Release

Reports preliminary 3Q 2009 results and quarterly dividend of $0.30
per share

Hamilton, Bermuda, November 27, 2009. Ship Finance International
Limited ("Ship Finance" or the "Company") today announced its
preliminary financial results for the quarter ended September 30,
2009.

Highlights
* Declared a quarterly dividend of $0.30 per share.
* Reported adjusted net income for the quarter of $36.3 million, or
$0.47 per share. Adjustments include a negative non-cash
mark-to-market of derivatives of $2.3 million.
* Accrued profit share in the third quarter was $4.8 million, or
$0.06 per share. Accrued profit share year-to-date is $27.3 million
and payable in March 2010.
* The charterer of the jack-up drilling rig West Ceres exercised a
purchase option in July 2009. Net cash effect to the Company in the
third quarter was approximately $40 million after repayment of
associated bank debt.
* The single-hull VLCC Front Duchess was sold in September 2009. Net
cash effect to the Company in the third quarter was approximately
$2.5 million after repayment of associated bank debt and a
cancellation fee to Frontline.
* The charterer of the single-hull VLCC Front Vanadis exercised a
purchase option in November 2009. Net cash effect to the Company in
the fourth quarter was approximately $1.2 million after repayment
of associated debt.
* The first newbuilding Suezmax tanker was delivered from the
shipyard in November 2009. The vessel, MV Glorycrown, has been
chartered out for 5-years with a purchase obligation at the end of
the charter period.

Dividend
The Board of Directors has declared a quarterly dividend of $0.30 per
share in cash, or, at the election of the shareholder, payable in
newly issued common shares. The dividend will be paid on or about
January 27, 2010 to shareholders of record as of December 8, 2009.
The ex-dividend date will be December 4, 2009.

Similar to the previous three quarters, shareholders may make an
election to receive the dividend in newly issued common shares after
reviewing a prospectus supplement relating to the dividend payment
which will be filed with the U.S. Securities and Exchange Commission
("SEC"). The number of common shares to be issued as dividend will be
set based on the volume-weighted average price of the shares on the
New York Stock Exchange during the three trading days prior to the
ex-dividend date, less a 5% discount.

The Company's largest shareholders, Farahead Investments Inc.
("Farahead") and Hemen Holding Ltd. ("Hemen"), who collectively own
42.6 % of the shares, have again informed the Company that they will
elect to receive all of their dividends in the form of newly issued
common shares. Farahead and Hemen are indirectly controlled by trusts
established by Mr. John Fredriksen for the benefit of his immediate
family.

Results for the Quarter ended September 30, 2009
The Company reported total operating revenues of $80.2 million, or
$1.04 per share, in the third quarter of 2009. This number excludes
charter hire classified as 'repayment of investments in finance
lease', and also excludes substantial charter revenues in three 100%
owned subsidiaries classified as 'investment in associate'. Net
operating income for the quarter was $46.1 million, or $0.60 per
share, and reported net income was $34.0 million, or $0.44 per share.

Adjusted net income in the third quarter was $36.3 million, or $0.47
per share. The adjustments include a negative non-cash mark-to-market
of derivatives of $2.3 million and a minor gain on sale of asset of
$0.02 million.

The profit share accrued in the third quarter was $4.8 million, or
$0.06 per share, compared to $8.0 million, or $0.11 per share in the
second quarter of 2009. The total profit share accrued in the first
three quarters is $27.3 million, and will be payable in March 2010

Under US GAAP, the 100% owned ultra-deepwater drilling units West
Polaris, West Hercules and West Taurus and the Panamax dry bulk
vessel Golden Shadow are accounted for as 'investment in associate'.
Consequently, only the aggregate 'net income' from these
vessel-owning subsidiaries is recognized in the consolidated income
statement of Ship Finance as 'results in associate'.

For the complete report please see the link below.

November 27, 2009
The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda


Questions should be directed to:

Ole B. Hjertaker: Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243

Magnus T. Valeberg: Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960


This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.

SFL - Invitation to Presentation of 3Q 2009 Results

Company news

2009-11-18 12:20:03

Ship Finance International Limited ("Ship Finance") (NYSE: SFL) plans
to release its financial results for third quarter 2009 on Friday
November 27, 2009.

The Company plans to host a conference call and a webcast for all
shareholders and interested parties on Friday November 27, 2009 at
10:30 AM (EST) / 4:30 PM (Central European Time). Relevant material
will be available from the Investor Relations section at
www.shipfinance.org as of the same day.

In order to listen to the presentation you may do one of the
following:

a. Webcast
Go to the Investor Relations section at www.shipfinance.org and click
on the link to "Webcast". To listen to the conference call from the
web, you need to have installed Windows Media Player, and you need to
have a sound card on your computer.

b. Conference Call
Participants dial in numbers:
US Toll Free # 1-888-935-4575
International Dial In # +44 207 806 1950
Norwegian Toll Free # 800 19640

Conference ID: 8421358

There will be a Q&A session after the presentation. Information on
how to ask questions will be given at the beginning of the Q&A
session.

A replay of the conference call will be available until December 4,
2009, Midnight by dialing:
US Toll Free # 1-866-932-5017
International Dial In # +44 207 111 1244

The replay access code is: 8421358#




Contact Persons:
Ole B. Hjertaker: Chief Executive Officer, Ship Finance Management AS
+47 2311 4011 / +47 9014 1243

Magnus T. Valeberg: Vice President, Ship Finance Management AS
+47 2311 4012 / +47 9344 0960




About Ship Finance

Ship Finance is a major ship owning company listed on the New York
Stock Exchange (NYSE: SFL). Including newbuildings, the Company has a
fleet of 66 vessels, including 32 crude oil tankers (VLCC and
Suezmax), two chemical tankers, eight oil/bulk/ore vessels, one
dry-bulk carrier, 13 container vessels, six offshore supply vessels,
one jack-up drilling rigs and three ultra-deepwater drilling units.
The fleet is one of the largest in the world and most of the vessels
are employed on long-term charters. The Company has declared a cash
dividend for 22 consecutive quarters.

More information can be found on the Company's website:
www.shipfinance.org


Cautionary Statement Regarding Forward Looking Statements

This 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 world
wide 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.


This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.

SFL - Board of Directors 2009 share incentive program and 2Q-09
dividend information

Company news

2009-10-13 12:10:03

Press release from Ship Finance International Limited, October 13,
2009

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or "the
Company") today announced that a total of 65,000 new options has been
issued to the Company's Board of Directors.

The new options were issued pursuant to the Company's Share Option
Scheme and have a five-year term with a three-year vesting period.
The Chairman received 25,000 options and the other Directors received
10,000 each. The initial strike price is set to $13.00, and the first
options will be exercisable in October 2010.

The Company also refers to the announcement of the second quarter
2009 dividend payable in cash or, at the shareholders request, in
newly issued common shares on or about October 16, 2009.

Shareholders beneficially owning approximately 51% of our outstanding
shares have elected to receive 0.0233 common shares for each share
held, and approximately 0.9 million new common shares will be issued
as a result of such elections. The remaining shareholders will
receive a cash dividend payment of $0.30 per share.

Any questions relating to the dividend payment should be directed to
your broker, bank, or other nominee, or alternatively to BNY Mellon,
our transfer agent:

U.S. Toll Free: 1-800-301-3489
International: +1 201 680 6578
http://www.melloninvestor.com



October 13, 2009

The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda


Contact Persons:
Ole B. Hjertaker: Chief Executive Officer, Ship Finance Management AS
+47 2311 4011 / +47 9014 1243

Magnus T. Valeberg: Vice President, Ship Finance Management AS
+47 2311 4012 / +47 9344 0960


About Ship Finance

Ship Finance is a major ship owning company listed on the New York
Stock Exchange (NYSE: SFL). Including newbuildings, the Company has a
fleet of 66 vessels, including 32 crude oil tankers (VLCC and
Suezmax), two chemical tankers, eight oil/bulk/ore vessels, one
dry-bulk carrier, 13 container vessels, six offshore supply vessels,
one jack-up drilling rigs and three ultra-deepwater drilling units.
The fleet is one of the largest in the world and most of the vessels
are employed on long-term charters. The Company has declared a cash
dividend for 22 consecutive quarters.

More information can be found on the Company's website:
www.shipfinance.org


Cautionary Statement Regarding Forward Looking Statements

This 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 world
wide 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.


This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.

SFL - 2009 Annual General Meeting

Company news

2009-09-28 14:10:03

Ship Finance International Limited (the "Company") advises that the
2009 Annual General Meeting of the Company was held on September 25,
2009 at 12:00 noon at the Elbow Beach Hotel, 60 South Shore Road,
Paget PG04, Bermuda. The following resolutions were passed:


1) To set the maximum number of Directors to be not more than
eight.

2) That vacancies in the number of Directors be designated
casual vacancies and that the Board of Directors be authorized to
full such casual vacancies as and when it deems fit.

3) To re-elect Paul Leand Jr. as a Director of the Company.

4) To re-elect Kate Blankenship as a Director of the Company.

5) To re-elect Craig H. Stevenson, Jr., as a Director of the
Company.

6) To re-elect Hans Petter Aas as a Director of the Company.

7) To re-elect Cecilie Fredriksen as a Director of the Company.

8) To appoint Moore Stephens, P.C. as auditors and to authorize
the Directors to determine their remuneration.

9) That the remuneration payable to the Company's Board of
Directors of a total amount of fees not to exceed US$750,000.00 be
approved for the year ended December 31, 2009

10) To reduce the share premium account of the Company from
US$2,194,000.00 to nil, and to credit the amount resulting from the
reduction to the Company's Contributed Surplus account, with
immediate effect.

In addition, the audited consolidated financial statements for Ship
Finance International Limited for the year ended December 31, 2008
were presented to the Meeting.



Hamilton, Bermuda
September 25, 2009



About Ship Finance
Ship Finance is a major ship owning company listed on the New York
Stock Exchange (NYSE: SFL). Including newbuildings, the Company has a
fleet of 66 vessels, including 32 crude oil tankers (VLCC and
Suezmax), two chemical tankers, eight oil/bulk/ore vessels, one
dry-bulk carrier, 13 container vessels, six offshore supply vessels,
one jack-up drilling rigs and three ultra-deepwater drilling units.
The fleet is one of the largest in the world and most of the vessels
are employed on long-term charters. The Company has declared a cash
dividend for 22 consecutive quarters.

More information can be found on the Company's website:
www.shipfinance.org


Cautionary Statement Regarding Forward Looking Statements

This 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 world
wide 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.


This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.

SFL - Jefferies 6th Annual Shipping, Logistics & Offshore Services
Conference

Company news

2009-09-08 13:50:02

Press release from Ship Finance International Limited September 8,
2009

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or
"SFL") announced today that Ole B. Hjertaker, CEO, will present at
the Jefferies 6th Annual Shipping, Logistics & Offshore Services
Conference. The presentation will take place on September 9, 2009 at
2:00 pm (EST)

A live audio webcast of the presentation can be found at the
following link:
http://www.wsw.com/webcast/jeff38/sfl/

The link to the audio webcast will be live just prior to the start of
the presentation. A replay of the audio webcast will be available
through our website http://www.shipfinance.org until September 9,
2010.


About Ship Finance
Ship Finance is a major ship owning company listed on the New York
Stock Exchange (NYSE: SFL). Including newbuildings, the Company has a
fleet of 66 vessels, including 32 crude oil tankers (VLCC and
Suezmax), two chemical tankers, eight oil/bulk/ore vessels, one
dry-bulk carrier, 13 container vessels, six offshore supply vessels,
one jack-up drilling rigs and three ultra-deepwater drilling units.
The fleet is one of the largest in the world and most of the vessels
are employed on long-term charters. The Company has declared a cash
dividend for 22 consecutive quarters.

More information can be found on the Company's website:
www.shipfinance.org


Cautionary Statement Regarding Forward Looking Statements

This 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 world
wide 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.


This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.

SFL - Notice of Annual General Meeting 2009

Company news

2009-08-28 21:10:02

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or the
"Company") announces that its 2009 Annual General Meeting will be
held on September 25, 2009. A copy of the Notice of Annual General
Meeting and associated information including the Company's Annual
Report on Form 20-F can be found on our website and in the
attachments below.


August 28, 2009
The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda


About Ship Finance
Ship Finance is a major ship owning company listed on the New York
Stock Exchange (NYSE: SFL). Including newbuildings, the Company has a
fleet of 66 vessels, including 32 crude oil tankers (VLCC and
Suezmax), two chemical tankers, eight oil/bulk/ore vessels, one
dry-bulk carrier, 13 container vessels, six offshore supply vessels,
one jack-up drilling rigs and three ultra-deepwater drilling units.
The fleet is one of the largest in the world and most of the vessels
are employed on long-term charters. The Company has declared a cash
dividend for 22 consecutive quarters.

More information can be found on the Company's website:
www.shipfinance.org


Cautionary Statement Regarding Forward Looking Statements

This 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 world
wide 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.


This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.

SFL - 2Q-09 Dividend Information

Company news

2009-08-28 11:40:02

Hamilton, Bermuda, August 28, 2009

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or "the
Company") refers to the second quarter report released on August 20,
2009 announcing a dividend of $0.30 per share. The Company's common
shares are now trading ex-dividend on the New York Stock Exchange.

Pursuant to a prospectus supplement filed with the Securities and
Exchange Commission ("SEC") on August 27, 2009, shareholders may
elect to receive the dividend in the form of newly issued common
shares of the Company. No action is required to be taken by
shareholders who wish to receive a cash dividend.

Shareholders electing to be paid the dividend in newly issued common
shares will receive 0.0233 common shares for each share held by such
shareholder as of the record date of August 31, 2009. The calculation
is based on the volume-weighted average shareprice of $13.54 on the
New York Stock Exchange during the three trading days ending August
26, 2009, less a 5% discount. If all shareholders elect to receive
common shares, the Company will issue up to 1.8 million new common
shares.

Shareholders owning common shares registered in their own name as of
August 31, 2009, will receive information by mail containing
instructions on how to elect to receive the dividend in common
shares. Shareholders beneficially owning common shares as of August
31, 2009, that were registered in the name of a broker, dealer or
other nominee should contact the registered holder of such common
shares and instruct such registered holder if they wish to receive
the dividend in additional common shares. All shareholder elections
must be received no later than 5:00 p.m., New York City time, on
October 7, 2009.

This press release does not constitute an offer to sell or the
solicitation of an offer to buy the Company's securities, nor will
there be any sale of the securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful. The
offering of the stock dividend is being made only pursuant to a
prospectus supplement to the Company's unallocated shelf registration
statement on Form F-3 (Registration No. 333-158162). The prospectus
supplement was filed with the SEC on August 27, 2009. Shareholders
are advised to refer to the prospectus supplement for additional
information regarding the dividend.

Any questions relating to election of the dividend in common shares
should be directed to your broker, bank, or other nominee, or
alternatively to BNY Mellon, our transfer agent:

U.S. Toll Free: 1-800-301-3489
International: +1 201 680 6578
http://www.melloninvestor.com



About Ship Finance

Ship Finance is a major ship owning company listed on the New York
Stock Exchange (NYSE: SFL). Including newbuildings, the Company has a
fleet of 66 vessels, including 32 crude oil tankers (VLCC and
Suezmax), two chemical tankers, eight oil/bulk/ore vessels, one
dry-bulk carrier, 13 container vessels, six offshore supply vessels,
one jack-up drilling rig and three ultra-deepwater drilling units.
The fleet is one of the largest in the world and most of the vessels
are employed on long-term charters. The Company has decleared a cash
dividend for 22 consecutive quarters.

More information can be found on the Company's website:
www.shipfinance.org



Cautionary Statement Regarding Forward Looking Statements

This 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 world
wide 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.


This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.

SFL - 2Q 2009 Presentation

Company news

2009-08-20 16:20:03

Press release from Ship Finance International Limited August 20, 2009

Please find enclosed the presentation of the Preliminary Second
Quarter Results to be held Thursday, August 20, 2009 in the link
below.


This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.

SFL - Second Quarter 2009 Results

Company news

2009-08-20 14:40:03

Ship Finance International Limited (NYSE: SFL) - Earnings Release

Reports preliminary 2Q 2009 results and quarterly dividend of $0.30
per share

Hamilton, Bermuda, August 20, 2009. Ship Finance International
Limited ("Ship Finance" or the "Company") today announced its
preliminary financial results for the quarter ended June 30, 2009.

Highlights
* Declared a quarterly dividend of $0.30 per share.
* Reported net income for the quarter of $53.5 million, or $0.72 per
share, including accrued profit share of $8.0 million, or $0.11 per
share.
* A non-recurring gain of $41.7 million was recognized in the second
quarter relating to our 8.5% Senior Notes previously controlled
under total return swap ("TRS") agreements. The Company also
recognized a $33.9 million non-cash write-down of assets,
predominantly linked to the remaining single-hull VLCCs.
* 3.5 million new shares were issued in the quarter, as a combination
of stock dividends and shares sold in the market. Subsequent to
quarter end, an additional 1.0 million shares have been issued as
stock dividend.
* Announced the appointment of Mr. Ole B. Hjertaker as the new Chief
Executive Officer ("CEO") of Ship Finance Management AS.
* Announced the sale of the jack-up drilling rig West Ceres to
Seadrill Ltd. ("Seadrill") pursuant to a purchase option. Delivery
took place in July 2009, and the net cash effect to the Company in
the third quarter was $40 million after repayment of associated
bank debt.
* Announced the sale of the single-hull VLCC Front Duchess to an
unrelated third party. Delivery to the new owner is expected in
September 2009, and the net cash effect to the Company is estimated
at approximately $2.5 million after repayment of associated bank
debt.

Dividend
The Board of Directors has declared a quarterly dividend of $0.30 per
share in cash, or, at the election of the shareholder, payable in
newly issued common shares. The dividend will be paid on or about 16
October, 2009 to shareholders of record as of 31 August, 2009. The
ex-dividend date will be 27 August, 2009.

Similar to the previous two quarters, shareholders may make an
election to receive the dividend in newly issued common shares after
reviewing a prospectus supplement relating to the dividend payment
which will be filed with the U.S. Securities and Exchange Commission
("SEC"). The number of common shares to be issued as dividend will be
set based on the volume-weighted average price of the shares on the
New York Stock Exchange during the three trading days prior to the
ex-dividend date, less a 5% discount.

The Company's largest shareholders, Farahead Investments Inc. and
Hemen Holding Ltd., who collectively own 42.1 % of the shares and are
indirectly controlled by trusts affiliated with Mr. John Fredriksen,
have again informed the Company that they would like to receive all
of their dividends in the form of newly issued common shares.
Results for the Quarter ended June 30, 2009
The Company reported total operating revenues of $88.2 million, or
$1.19 per share, in the second quarter of 2009. This number excludes
charter hire classified as 'Repayment of investments in finance
lease', and excludes substantial charter revenues in three 100% owned
subsidiaries classified as 'investment in associate'. Net operating
income for the quarter was $28.1 million, or $0.37 per share, and
reported net income was $53.5 million, or $0.72 per share.

The profit share accrued in the second quarter was $8.0 million, or
$0.11 per share, compared to $14.5 million, or $0.20 per share in the
first quarter of 2009. The accrued profit share for 2009 will be
payable in March 2010.

At the end of the second quarter 2009, $449 million of the 8.5%
Senior Notes due 2013 were outstanding. In June 2009, the Company
bought back Senior Notes with a face value of $148 million, giving a
net outstanding amount of $301 million under the Senior Notes. The
repurchased Senior Notes were previously held by two banks under TRS
agreements and were bought back at 84.5% of face value. Following
this transaction, the Company recognized a non-recurring gain of
$41.7 million in the second quarter. The repurchase of the Senior
Notes was part financed by new bank facilities with a total initial
outstanding of $90 million.

The Company also recognized a $33.9 million non-cash impairment
charge related to our remaining six single-hull tankers and a
financial investment in a container vessel owner/operator.

Under US GAAP, the 100% owned ultra-deepwater drilling units West
Polaris, West Hercules and West Taurus and the Panamax dry bulk
vessel Golden Shadow are accounted for as 'investment in associate'.
Consequently, only the aggregate 'net income' from these
vessel-owning subsidiaries is recognized in the consolidated income
statement of Ship Finance as 'Results in associate'.



August 20, 2009
The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda


Questions should be directed to:

Ole B. Hjertaker: Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243

Magnus T. Valeberg: Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960


This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.

SFL - Invitation to Presentation of 2Q 2009 Results

Company news

2009-08-14 16:20:03

Ship Finance International Limited ("Ship Finance") (NYSE: SFL) plans
to release its financial results for second quarter 2009 on Thursday
August 20, 2009.

The Company plans to host a conference call and a webcast for all
shareholders and interested parties on Thursday August 20, 2009 at
10:30 AM (EST) / 4:30 PM (Central European Time). Relevant material
will be available from the Investor Relations section at
www.shipfinance.org as of the same day.

In order to listen to the presentation you may do one of the
following:

a. Webcast
Go to the Investor Relations section at www.shipfinance.org and click
on the link to "Webcast". To listen to the conference call from the
web, you need to have installed Windows Media Player, and you need to
have a sound card on your computer.

b. Conference Call
Participants dial in numbers:
US Toll Free # 1-888-935-4577
International Dial In # +44 207 806 1967
Norwegian Toll Free # 800 19640

Conference ID: 7452263

There will be a Q&A session after the presentation. Information on
how to ask questions will be given at the beginning of the Q&A
session.

A replay of the conference call will be available until August 26,
2009, Midnight by dialing:
US Toll Free # 1-866-932-5017
International Dial In # +44 207 111 1244

The replay access code is: 7452263#



Contact Persons:
Ole B. Hjertaker: Chief Executive Officer, Ship Finance Management AS
+47 2311 4011 / +47 9014 1243

Magnus T. Valeberg: Vice President, Ship Finance Management AS
+47 2311 4012 / +47 9344 0960


About Ship Finance

Ship Finance is a major ship owning company listed on the New York
Stock Exchange (NYSE: SFL). Including newbuildings, the Company has a
fleet of 66 vessels, including 32 crude oil tankers (VLCC and
Suezmax), two chemical tankers, eight oil/bulk/ore vessels, one
dry-bulk carrier, 13 container vessels, six offshore supply vessels,
one jack-up drilling rigs and three ultra-deepwater drilling units.
The fleet is one of the largest in the world and most of the vessels
are employed on long-term charters.

More information can be found on the Company's website:
www.shipfinance.org


Cautionary Statement Regarding Forward Looking Statements

This 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 world
wide 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.


This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.

SFL - Sale of a single-hull VLCC

Company news

2009-07-27 13:50:02

Press release from Ship Finance International Limited July 27, 2009

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or the
"Company"), today announced that it has agreed to sell the
single-hull VLCC Front Duchess to an unrelated third party for net
sales proceeds of $18.8 million.

Delivery to the new owner is expected to take place in
September/October 2009, and Ship Finance will receive a net amount of
approximately $16.0 million after compensation of approximately $2.8
million to Frontline for the termination of the current charter.

At the end of September 2009 there will be approximately $13.8
million in loans outstanding against the vessel, and the net cash
effect to Ship Finance from the transaction is estimated to be
approximately $2.2 million.

Following this sale, and excluding two vessels previously announced
sold on hire/purchase terms, Ship Finance will have only five
single-hull crude oil tankers remaining in the fleet.

The reduction of the single-hull tanker exposure is in line with the
Company's strategy of focusing on modern assets in various shipping
and offshore segments.


July 27, 2009
The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda



Contact Persons:
Ole B. Hjertaker: Chief Executive Officer, Ship Finance Management AS
+47 2311 4011 / +47 9014 1243

Magnus T. Valeberg: Vice President, Ship Finance Management AS
+47 2311 4012 / +47 9344 0960


About Ship Finance

Ship Finance is a major ship owning company listed on the New York
Stock Exchange (NYSE: SFL). Including newbuildings, the Company has a
fleet of 66 vessels, including 32 crude oil tankers (VLCC and
Suezmax), two chemical tankers, eight oil/bulk/ore vessels, one
dry-bulk carrier, 13 container vessels, six offshore supply vessels,
one jack-up drilling rigs and three ultra-deepwater drilling units.
The fleet is one of the largest in the world and most of the vessels
are employed on long-term charters.

More information can be found on the Company's website:
www.shipfinance.org


Cautionary Statement Regarding Forward Looking Statements

This 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 world
wide 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.


This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.

SFL - Share incentive program 2009 and correction relating to the
1Q09 dividend election

Company news

2009-07-13 19:40:02

Press release from Ship Finance International Limited, July 13, 2009

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or "the
Company") today announced that there will be an adjustment to the
share option awards to the Company's management team.

A total of 505,000 new options will be awarded to employees while all
of the 355,000 previously awarded options to employees will be
cancelled. The new options will be issued pursuant to the Company's
Share Option Scheme and will have a five-year term with a three-year
vesting period. The initial strike price will be equal to the
weighted average share price for the three trading days following the
date of this announcement, and the first options will be exercisable
in July 2010.

The Company also refers to its press release dated July 3, 2009,
regarding elections concerning the first quarter 2009 stock dividend.
Due to a reporting error in the number of shareholders who elected
to receive the stock dividend, this figure is higher than previously
communicated. Fifty-two percent (52%) of our shareholders elected to
receive shares in lieu of a cash dividend, and the correct number of
new shares issued is approximately 1.0 million. Accordingly, the cash
dividend paid was then reduced to approximately $10.7 million.


July 13, 2009
The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda


Contact Persons:
Ole B. Hjertaker: Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243

Magnus T. Valeberg: Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960


About Ship Finance

Ship Finance is a major ship owning company listed on the New York
Stock Exchange (NYSE: SFL). Including newbuildings, the Company has a
fleet of 67 vessels, including 33 crude oil tankers (VLCC and
Suezmax), two chemical tankers, eight oil/bulk/ore vessels, one
dry-bulk carrier, 13 container vessels, six offshore supply vessels,
one jack-up drilling rigs and three ultra-deepwater drilling units.
The fleet is one of the largest in the world and most of the vessels
are employed on long-term charters.

More information can be found on the Company's website:
www.shipfinance.org


Cautionary Statement Regarding Forward Looking Statements

This 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 world
wide 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.


This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.

SFL - Seadrill exercising a purchase option for West Ceres and 1Q09
dividend information

Company news

2009-07-03 14:30:03

Press release from Ship Finance International Limited, July 3, 2009

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or "the
Company") today announced that Seadrill Ltd. ("Seadrill") has
exercised a purchase option for the jack-up drilling rig West Ceres
in combination with a sale of the rig to an unrelated third party.

The Company acquired the drilling rig in 2006 from Seadrill in
combination with a 15-year bareboat charter back, where Seadrill also
was granted certain purchase options, first time in 2009. The
pre-agreed option price for the West Ceres is $135.5 million and net
cash proceeds to the Company will be approximately $40 million after
prepayment of the outstanding loan. The sale will be neutral with
respect to book gain/loss on sale of assets.

The Company also refers to the announcement of the first quarter 2009
dividend payable in cash or, at the shareholders request, in newly
issued common shares on or about July 6, 2009.

Shareholders beneficially owning approximately 47% of our outstanding
shares have elected to receive 0.0265 common shares for each share
held, and approximately 0.9 million new common shares will be issued
as a result of such elections. The remaining shareholders will
receive a cash dividend payment of $0.30 per share.

Any questions relating to the dividend payment should be directed to
your broker, bank, or other nominee, or alternatively to BNY Mellon,
our transfer agent:

U.S. Toll Free: 1-800-301-3489
International: +1 201 680 6578
http://www.melloninvestor.com



July 3, 2009
The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda

Contact Persons:
Ole B. Hjertaker: Chief Executive Officer, Ship Finance Management AS
+47 2311 4011 / +47 9014 1243

Magnus T. Valeberg: Vice President, Ship Finance Management AS
+47 2311 4012 / +47 9344 0960


About Ship Finance

Ship Finance is a major ship owning company listed on the New York
Stock Exchange (NYSE: SFL). Including newbuildings, the Company has a
fleet of 67 vessels, including 33 crude oil tankers (VLCC and
Suezmax), two chemical tankers, eight oil/bulk/ore vessels, one
dry-bulk carrier, 13 container vessels, six offshore supply vessels,
one jack-up drilling rigs and three ultra-deepwater drilling units.
The fleet is one of the largest in the world and most of the vessels
are employed on long-term charters.

More information can be found on the Company's website:
www.shipfinance.org


Cautionary Statement Regarding Forward Looking Statements

This 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 world
wide 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.


This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.

SFL - Appointment of Chief Executive Officer

Company news

2009-06-23 22:30:02

Press release from Ship Finance International Limited June 23, 2009

Ship Finance International Limited ("Ship Finance" or the "Company")
has employed Ole B. Hjertaker as the new Chief Executive Officer
("CEO") of its management company. He is currently serving as Chief
Financial Officer ("CFO") of the Company, and will assume his new
role with effect from July 1, 2009.

Mr. Hjertaker has been in his current capacity with the Company since
2006. His prior experience includes 12 years as a corporate and
investment banker, mainly within the Maritime/Transportation
industries, and he holds a Master of Science degree from the
Norwegian School of Economics and Business Administration.

Chairman in Ship Finance, Mr. Hans Petter Aas said in a comment: "We
are very pleased to announce that Mr. Hjertaker has been appointed
CEO for Ship Finance. He has, during the three year period as CFO,
demonstrated a strong ability to identify and develop new business
opportunities for the Company. Mr. Hjertaker has also taken an active
part in developing a very competent management team to run Ship
Finance, and we believe the Company is very well positioned with a
substantial asset base and strong capital structure."


June 23, 2009
The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda


About Ship Finance

Ship Finance is a major ship owning company listed on the New York
Stock Exchange (NYSE: SFL). Including newbuildings, the Company has a
fleet of 68 vessels, including 33 crude oil tankers (VLCC and
Suezmax), two chemical tankers, eight oil/bulk/ore vessels, one
dry-bulk carrier, 13 container vessels, six offshore supply vessels,
two jack-up drilling rigs and three ultra-deepwater drilling units.
The fleet is one of the largest in the world and most of the vessels
are employed on long term charters.

More information can be found on the Company's website:
www.shipfinance.org


Cautionary Statement Regarding Forward Looking Statements

This 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 world
wide 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.


This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.

SFL - 1Q-09 DIVIDEND INFORMATION

Company news

2009-05-22 18:10:03

Hamilton, Bermuda, May 22, 2009

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or "the
Company") refers investors to its first quarter 2009 earnings release
dated May 14, 2009, in which the Company announced a dividend in the
amount of $0.30 per share, payable to shareholders of record as of
May 27, 2009. Commencing with the opening of trading today, the
Company's common shares have begun trading on the New York Stock
Exchange ex-dividend.

Pursuant to a prospectus supplement filed with the Securities and
Exchange Commission ("SEC") on May 22, 2009, shareholders may elect
to receive the dividend in the form of newly issued common shares of
the Company. No action is required to be taken by shareholders
wishing to receive a cash dividend.

Shareholders electing to be paid the dividend in newly issued common
shares will receive 0.0265 common shares for each share held by such
shareholder as of the record date of May 27, 2009. The calculation is
based on the volume-weighted average shareprice of $11.90 on the New
York Stock Exchange during the three trading days ending May 21,
2009, less a 5% discount. If all shareholders elect to receive common
shares, the Company will issue up to 2.0 million newly issued common
shares.

Shareholders owning common shares registered in their own name as of
May 27, 2009, will receive information by mail containing
instructions on how to elect to receive the dividend in common
shares. Shareholders beneficially owning common shares as of May 27,
2009, that were registered in the name of a broker, dealer or other
nominee should contact the registered holder of such common shares
and instruct such registered holder if they wish to receive the
dividend in additional common shares All shareholder elections must
be received no later than 5:00 p.m., New York City time, on June 26,
2009.

This press release does not constitute an offer to sell or the
solicitation of an offer to buy the Company's securities, nor will
there be any sale of the securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful. The
offering of the stock dividend is being made only pursuant to a
prospectus supplement to the Company's unallocated shelf registration
statement on Form F-3 (Registration No. 333-158162). The prospectus
supplement was filed with the SEC on May 22, 2009. Shareholders are
advised to refer to the prospectus supplement for additional
information regarding the dividend.

Any questions relating to election of the dividend in common shares
should be directed to your broker, bank, or other nominee, or
alternatively to BNY Mellon, our transfer agent:

U.S. Toll Free: 1-800-301-3489
International: +1 201 680 6578
http://www.melloninvestor.com



About Ship Finance

Ship Finance is a major ship owning company listed on the New York
Stock Exchange (NYSE: SFL). Including newbuildings, the Company has a
fleet of 68 vessels, including 33 crude oil tankers (VLCC and
Suezmax), two chemical tankers, eight oil/bulk/ore vessels, one
dry-bulk carrier, 13 container vessels, six offshore supply vessels,
two jack-up drilling rigs and three ultra-deepwater drilling units.
The fleet is one of the largest in the world and most of the vessels
are employed on long term charters.

More information can be found on the Company's website:
www.shipfinance.org




Cautionary Statement Regarding Forward Looking Statements

This 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 world
wide 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.


This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.