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Stock impact report

Ship Finance International to sell older VLCC [Seeking Alpha]

SFL Corporation Ltd (SFL) 
Last sfl corporation ltd earnings: 2/18 06:34 am Check Earnings Report
US:NYSE Investor Relations: shipfinance.no/page/6834/ir_home
Company Research Source: Seeking Alpha
Ship Finance International Limited (NYSE: SFL ) has agreed to deliver 2001-built VLCC Front Ariake  later this month to an unrelated third party for net sales price of ~ $20.7M, including approximately $3.4M in the form of an interest-bearing loan note from Frontline Ltd. The book value of the vessel is approximately $27.6M, thus an impairment is expected to be recorded in Q3. The Company now has four VLCCs remaining on charter to a subsidiary of Frontline Ltd. Click to subscribe to real-time analytics on SFL Now read: Ship Finance: Good Second-Quarter Results Despite Headlines » Subscribe for full text news in your inbox Show less Read more
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