World News
Ship Finance to Add Four Fuel-Saving Containerships
Ship Finance International Limited [NYSE:SFL] (Ship Finance) says it will build four fuel-saving 8,700 twenty-foot equivalent unit (TEU) container vessels in South Korea with delivery expected in the last quarter of 2014 and the first quarter of 2015.
"We are very pleased to further expand our presence in the segment with these state-of-the-art containerships," said Ole B. Hjertaker, CEO of Ship Finance Management AS.
"The vessels will be built to very high specifications, and will include the latest in eco-design features giving them a very competitive operational performance."
Hjertaker said the vessels are intended for the use of long-term charterers, and some leading container operators have already expressed "firm interest" in them.
Ship Finance owns 69 vessels, including 24 crude oil tankers, two chemical tankers, 12 drybulk carriers, 19 container vessels, and two car carriers, as well as vessels for drilling and offshore supply, with most of the ships employed on long-term charters.
Ship Finance is affiliated with shipping magnate John Fredricksen and provides ships to companies controlled by Fredricksen and his family, including Frontline, Deep Sea Supply, and Seadrill, according to its website.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 509.00 | 4.50 | 623.00 | 3.00 |
| Rotterdam | 463.00 | 7.00 | 623.50 | 2.00 |
| Houston | 471.50 | 4.50 | 627.50 | 3.50 |
| Fujairah | 501.00 | 4.50 | 714.00 | 1.00 |
| Global 20 Ports Average | 529.00 | 2.50 | 714.50 | 2.50 |
| Global 4 Ports Average | 486.00 | 3.00 | 647.00 | 2.50 |
| Global Average Bunker Price | 572.50 | 2.00 | 753.00 | 2.00 |
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