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Ship Finance seeks future beyond crude.
(From Lloyds List)
Byline: Fledgling group earned $44.1m during its debut quarter, writes Tony Gray
SHIP Finance International, the new tanker owning subsidiary being spun-off by Frontline, is already examining transactions that could expand the company and take it beyond the crude carrier market.
This was disclosed as the fledgling unit reported a debut quarterly profit of $44.1m.
On the basis of 73.77m shares outstanding, this is equivalent to earnings per share of $0.59.
The company, which will be listed on the New York Stock Exchange on June 17, is paying a first quarter dividend of $0.25 per share.
Frontline is in the process of passing 25% of Ship Finance's shares to existing group shareholders and intends to dispose of the balance later this year.
- Ship Finance International Limited, a Wholly-Owned Subsidiary of Frontline...
- Press release article from: PR Newswire May 25, 2004 700+ words
Ship Finance International Limited ("Ship Finance International"), a wholly-owned subsidiary of Frontline Ltd. today announced...managed by subsidiaries of Frontline. Additional Information Ship Finance International has filed...
- Frontline Ltd spins off holding in Ship Finance Int. Ltd.(Brief Article)
- Newspaper article from: Nordic Business Report January 31, 2005 700+ words
...January 2005-Frontline Ltd spins off holding in Ship Finance Int. Ltd...almost half of Frontline's remaining holding in Ship Finance Int. Ltd...some USD400m. Frontline shareholders...one share in Ship Finance for each four...
- Frontline Ltd./Ship Finance International Limited (SFL) - Q1 2004 Results.
- Press release article from: PR Newswire May 27, 2004 700+ words
Frontline's and its subsidiary SFL's First...1. Presentation A presentation of Frontline's and its subsidiary SFL's First...Relations section at http://www.frontline.bm/ (go to "Presentations") from...
- Ship Finance International Limited - Interim Report January - March.
- Press release article from: PR Newswire May 28, 2004 700+ words
...distributed to Frontline's common shareholders * Ship Finance expects to list...shipping assets of Frontline. In December 2003, Ship Finance issued $580 million...bareboat charters. Ship Finance has agreed with Frontline that it will treat...
- Ship Finance International Limited -- Interim Report July -- September 2004.
- Press release article from: PR Newswire November 15, 2004 700+ words
...percentage points of Frontline Ltd.'s holding of common shares of Ship Finance will be distributed to Frontline's shareholders...Executice Officer, Frontline Management AS...40-79, all for Ship Finance International Ltd...
- Ship Finance International Limited Interim Report April - June 2004.
- Press release article from: PR Newswire August 19, 2004 700+ words
...per share. * 25 percent of Ship Finance's common shares distributed to Frontline Ltd. common shareholders...further 10 percentage points of Frontline's shares in Ship Finance will be distributed to Frontline shareholders. Second quarter...
- Ship Finance International announces ship sales and purchases.(Suezmax tankers,...
- Newspaper article from: Nordic Business Report May 19, 2005 700+ words
...arrangements between Ship Finance and Frontline would be cancelled. Concurrently, Frontline would sell three similar vessels to Ship Finance for an aggregate...vessels being sold by Ship Finance. Frontline Ltd announced in...
- Daily Market Alert for Ship Finance International Limited.
- Press release article from: M2 Presswire April 3, 2007 700+ words
...are operated under long-term time charters by Frontline, which formed Ship Finance International in October 2003 as a subsidiary. Ship Finance also purchased its fleet from Frontline. Shares were down 2 since buying 3 vessels...
