SOURCE: Ship Finance International Limited

March 30, 2011 02:29 ET

SFL - Filing of Annual Report on Form 20-F

HAMILTON, BERMUDA--(Marketwire - March 30, 2011) -



Press release from Ship Finance International Limited March 30, 2011

Ship Finance International Limited (NYSE: SFL) announces that the Company has filed its annual report on Form 20-F for the year ended December 31, 2010.

The annual report can be downloaded from the Company's website at www.shipfinance.org. Shareholders can also request a hard copy of our complete audited financial statements free of charge upon request by writing us at:

Ship Finance International Limited
PO Box HM 1593, Par-la-Ville Place
14 Par-la-Ville Road
Hamilton HM 08 Bermuda

or send an e-mail to: ir@shipfinance.no


March 30, 2011

The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda


About Ship Finance

Ship Finance is a major ship owning company listed on the New York Stock Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 72 vessels, including 28 crude oil tankers (VLCC and Suezmax), two chemical tankers, eight oil/bulk/ore vessels, 12 drybulk carriers including nine newbuildings, 11 container vessels, six offshore supply vessels, two jack- up drilling rigs, one ultra-deepwater drillship and two ultra-deepwater semi- submersible drilling rigs. The fleet is one of the largest in the world and most of the vessels are employed on long-term charters. More information can be found on the Company's website:www.shipfinance.org

Cautionary Statement Regarding Forward Looking Statements

This press release may contain forward looking statements. These statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, including Ship Finance management's examination of historical operating trends. Although Ship Finance believes that these assumptions were reasonable when made, because assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond its control, Ship Finance cannot give assurance that it will achieve or accomplish these expectations, beliefs or intentions.

Important factors that, in the Company's view, could cause actual results to differ materially from those discussed in this presentation include the strength of world economies and currencies, general market conditions including fluctuations in charter hire rates and vessel values, changes in demand in the tanker market as a result of changes in OPEC's petroleum production levels and world wide oil consumption and storage, changes in the Company's operating expenses including bunker prices, dry-docking and insurance costs, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, and other important factors described from time to time in the reports filed by the Company with the United States Securities and Exchange Commission.



SFL - 2010 Annual Report: http://hugin.info/134876/R/1501516/436770.pdf




This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1501516]

Contact Information

  • Questions should be directed to:

    Investor and Analyst Contacts:
    Eirik Eide
    Chief Financial Officer
    Ship Finance Management AS
    +47 23114006 / +47 95008921

    Magnus T. Valeberg
    Vice President
    Ship Finance Management AS
    +47 23114012 / +47 93440960

    Media Contact:
    Ole B. Hjertaker
    Chief Executive Officer
    Ship Finance Management AS
    +47 23114011 / +47 90141243