SFL – Sale of three VLCCs and a jack-up rig

Ship Finance International Limited announces that it has agreed to sell the 2007-built jack-up drilling rig Soehanah to an unrelated third party and three 2002-built VLCCs to ADS Crude Carriers Ltd. (“ADS”), a newly established company in which Ship Finance has acquired a 17% interest. Ole B. Hjertaker, CEO of Ship Finance Management AS, said
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Ship Finance International Limited announces that it has agreed to sell the 2007-built jack-up drilling rig Soehanah to an unrelated third party and three 2002-built VLCCs to ADS Crude Carriers Ltd. (“ADS”), a newly established company in which Ship Finance has acquired a 17% interest. Ole B. Hjertaker, CEO of Ship Finance Management AS, said
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The year 2020 is approaching along with the Sulphur cap regulation of 0.5%, putting pressure on maritime agents to decrease emissions – and to utilise new innovations for environmentally sound vessels and services in the marine industry. A major European container shipping company has ordered Wärtsilä’s hybrid exhaust gas cleaning equipment and retrofit services to
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If you happen to be at the beach this summer, make a mental note of any giant freighters crossing the horizon. In a few years’ time those same ships will probably be moving just a fraction slower. If the slowdown does happen — and the likes of Citigroup Inc. say it will — then the
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Ship registry operations have become increasingly complex as the pervasive effect of economic sanctions causes State and private shipping operators to be less transparent with Regulators with respect to the beneficial ownership and operation of vessels. As a result, Regulators are keenly monitoring the maritime sector and Flags in particular to ensure their internal processes
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There has been a structural increase in LNG import demand into China. There was a gradual increase in demand from the start of 2016 through the middle of 2017. From 2017 through to the present the contribution of global ton mile demand coming from Chinese imports has outweighed that created by South Korea. Imports are
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MUMBAI: Indian Register of Shipping (IRClass), a leading International classification society has started issuing electronic certificates for all its classed vessels. Recognising the importance of digitalisation, these e-Certificates are in accordance with International Maritime Organization (IMO) guidelines for the use of e-Certificates (FAL.5-Circ.39-Rev2) dated April 2016 and, are available on the IRClass website through a
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The Asia-Pacific region now makes up 50% of the top 10, with three of those centres making up the top four LONDON: Singapore remains unmoved at the top of the International Shipping Centre Development (ISCD) Index for the fifth successive year, following a benchmark report published on 10 July 2018 by the Baltic Exchange and
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Bunker operations was hardly affected by heavy rains in West Japan which had caused flooding and landslides last week, market sources said. Since last Thursday, parts of western Japan have received three times the usual amount of rainfall for the whole of July. The affected areas included Tokai, Kinki, Chugoku, Shikoku and Kyushu Hokubu. As
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Nakilat announced its financial results for the first half of the year ended 30 June 2018, with the company achieving a net profit of QR 445 million compared to QR 409 million during the same period in 2017, an increase of 9%. During the past year, there have been many positive developments across the company,
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