SFL - Change in corporate management team

SFL - Change in corporate management team

ID: 123853

(Thomson Reuters ONE) -


Press release from Ship Finance International Limited, March 12, 2012

Ship Finance International Limited ("Ship Finance" or the "Company") announced
today that Eirik Eide, who is currently employed as Chief Financial Officer
("CFO") for Ship Finance Management AS, has submitted his notice of resignation
and will leave the Company during the second quarter of 2012 to join another
shipping company.

He will be succeeded by Mr. Harald Gurvin, who is currently employed as Senior
Vice President of Ship Finance Management AS. Mr. Gurvin joined Ship Finance in
July 2006, and has served as Senior Vice President since 2008.

Prior to joining Ship Finance, Mr. Gurvin spent 7 years with the global shipping
group of Fortis Bank, focusing on shipping and offshore finance. He holds a
Master of Science degree in Shipping, Trade and Finance from CASS Business
School and a Master of Science degree in Marine Engineering and Naval
Architecture from the Norwegian University of Science and Technology.

CEO of Ship Finance Management AS, Ole B. Hjertaker said in a comment: "We thank
Mr. Eide for his valuable contribution to the Company and wish him the best of
luck in his new endeavors. We are very pleased that Mr. Gurvin has accepted the
role as the new CFO, which will ensure a smooth and effective transition."

Ship Finance International Limited

March 12, 2012

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 69
vessels, including 25 crude oil tankers (VLCC and Suezmax), two chemical
tankers, five oil/bulk/ore vessels, 12 drybulk carriers including two
newbuildings, 15 container vessels including four newbuildings, six offshore




supply vessels, one jack-up drilling rig, 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
worldwide 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.






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#1593235]


Weitere Infos zu dieser Pressemeldung:
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: hugin
Datum: 12.03.2012 - 15:08 Uhr
Sprache: Deutsch
News-ID 123853
Anzahl Zeichen: 4765

contact information:
Town:

Hamilton



Kategorie:

Business News



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