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Ship Finance International Acquires Fifteen, Sells One Boxship

sfl.pngAs informed, the fifteen vessels, ranging from 1,100 TEU to 4,400 TEU, will be acquired in combination with long-term bareboat charters to an undisclosed container line.

The purchase price is confidential, but close to recycling value of the vessels. The charter term will be seven years from delivery, with subsequent purchase obligations by the charterer, Ship Finance said.

Delivery of the vessels is expected in April and their aggregate EBITDA contribution is estimated to be approximately USD 20 million per year, according to the company.

What is more, Ship Finance International has agreed to sell the 1,700 TEU container vessel SFL Avon to an unnamed company. This vessel has been operated in the short-term charter market and net sales proceeds will be approximately USD 12.5 million.

“Delivery to the new owner is expected in April 2018, and we expect a minor book gain in connection with the sale,” Ship Finance International said.

“This transaction offers an attractive cash flow from a strong counterpart and with limited downside risk. The SFL Avon was our only container vessel operated in the short-term charter market, and in light of the recent upswing in values in the sector we have decided to sell the vessel as we evaluate various growth prospects,” Ole B. Hjertaker, CEO of Ship Finance Management AS, commented.

“We are seeing increasing opportunities to deploy capital in 2018 and we remain focused on growing our fleet and charter backlog,” Hjertaker added.


2.jpgOUCO Marine/Offshore 360 degree full rotation Slewing hydraulic marine stiff boom crane

This kind of fixed boom crane is designed for general cargo handling and service onboard ships and offshore units. The cranes are available in various range and can be supplied according to customer requirements. The stiff boom cranes can be delivered within a broad range of certifications and numerous optional features. Stiff boom cranes, the boom type is fixed, are typically used in dock, on fixed installations and in harbor conditions with its stability. OUCO Marine/Offshore Stiff boom cranes are with low cost, easy operation and high efficiency on different working conditions.


In certain situations a stiff boom crane even has a superior ability to reach over obstructions such as fences or walls where other cranes may fail.

Not only are the important moving parts of the stiff boom protected inside the machinery, they are also less strained when lifting a load, as energy goes to its winch first, then to the lift cylinder, and then the actual crane structure.

Typical Applications: Service cranes, Hose handling cranes, Container and cargo handling cranes.


Options

  • Remote control

  • Operator’s cabin

  • Lifting of personnel – man-riding

  • External hydraulic power packs

  • Anti-collision system

  • Active Heave Compensation (AHC)

  • Passive Heave Compensation(PHC)

  • Design according to rules and regulations API 2C.

  • Class Societies like ABS, CCS, DNV, LR, RMRS, etc.

  • Diesel hydraulic drive