HAMILTON, BERMUDA--(Marketwired - Jun 17, 2013) -
Press Release from Ship Finance International Limited, June 17, 2013
Ship Finance International Limited ("Ship Finance" or the "Company") (
Morgan Stanley is acting as the sole book-running manager for the offering.Thecommon shares purchased by the underwriter are expected to be offered forresalefrom time to time in negotiated transactions or otherwise, on the New YorkStockExchange at market prices prevailing at the time of sale, at prices relatedtosuch prevailing market prices or otherwise. On June 14, 2013, the closingpriceof the Company's common shares on the New York Stock Exchange was $16.99pershare.
This press release does not constitute an offer to sell or the solicitationofan offer to buy securities and shall not constitute an offer, solicitationorsale in any jurisdiction in which such offer, solicitation or sale isunlawful.The offering is being made only by means of a prospectus and relatedprospectussupplement. A prospectus supplement related to the offering will be filedwiththe Securities and Exchange Commission. When available, copies of theprospectusand prospectus supplement relating to the offering may be obtained from theoffices of Morgan Stanley at 180 Varick Street, Second Floor, New York, NewYork10014, Attention: Prospectus Delivery Department or by email firstname.lastname@example.org.
The Board of Directors
Ship Finance International Limited
About Ship Finance
Ship Finance is a leading ship-owning company listed on the New York StockExchange under the symbol "SFL". Ship Finance owns or operates 61 vesselsanddrilling units across the tanker, drybulk, car carrier, container andoffshoresectors. In the tanker and drybulk sectors it owns and operates 24 crude-oiltankers, 12 drybulk carriers and two chemical tankers. In the container andcar-carrier sectors it owns and operates nine container vessels and two carcarriers; Ship Finance also charters-in two container vessels. In theoffshoresector it owns and operates six offshore supply vessels, one jack-updrillingrig and three ultra deepwater drilling units. In addition to the operatingfleet, Ship Finance has entered into agreements for the construction offour4,800 TEU container vessels that are scheduled to be delivered in 2013 andin2014, and four 8,700 TEU newbuilding container vessels that are scheduledto bedelivered in 2014 and 2015. The fleet is one of the largest in the worldandmost of the vessels and offshore drilling units are employed under long-termcharters with terms of one year or greater. More information may be foundonShip Finance's website: www.shipfinance.org
Cautionary Statement Regarding Forward Looking Statements
This press release may contain forward looking statements. These statementsarebased upon various assumptions, many of which are based, in turn, uponfurtherassumptions, including management's examination of historical operatingtrends.Although Ship Finance believes that these assumptions were reasonable whenmade,because assumptions are inherently subject to significant uncertainties andcontingencies which are difficult or impossible to predict and are beyonditscontrol, Ship Finance cannot give assurance that it will achieve oraccomplishthese expectations, beliefs or intentions.
Important factors that, in Ship Finance's view, could cause actual resultstodiffer materially from those discussed in this presentation include thestrengthof world economies and currencies, general market conditions includingfluctuations in charter hire rates and vessel values, changes in demand inthetanker market as a result of changes in OPEC's petroleum production levelsandworldwide oil consumption and storage, changes in Ship Finance's operatingexpenses including bunker prices, dry-docking and insurance costs, changesingovernmental rules and regulations or actions taken by regulatoryauthorities,potential liability from pending or future litigation, general domestic andinternational political conditions, potential disruption of shipping routesdueto accidents or political events, and other important factors describedfromtime to time in the reports filed by Ship Finance with the Securities andExchange Commission.
This announcement is distributed by Thomson Reuters on behalf ofThomson 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
- Investment & Company Information
Chief Financial Officer
Magnus T. Valeberg
Senior Vice President
Ole B. Hjertaker
Chief Executive Officer
Ship Finance Management AS