Ship Finance acquires car carriers

Transportation

Wednesday, October 24, 2012

Ship Finance International Ltd., a shipowning company that is affiliated with various companies controlled by the shipping magnate John Fredriksen, announced it has agreed to acquire two car carriers. The Japan-built vessels have a capacity of about 6,500 car equivalent units (CEUs) and were built in 2005 and 2006, respectively. Ship Finance said the vessels will be time-chartered to an investment grade logistics company, publicly listed in Asia. The ch...

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