HAMILTON, NORWAY -- (Marketwire) -- 08/07/08 -- Ship Finance International Limited (NYSE: SFL) ("Ship Finance" or the
"Company") has employed Peter Lund as Commercial Director. He is
expected to take up his position with Ship Finance in September 2008,
and will be based in a newly established office in Singapore.
Mr. Lund is currently head of Maersk Brokers in Singapore, and has
worked 15 years in the AP Moller group of companies in different
geographic locations. He holds a Masters degree in Law from the
University of Copenhagen.
Lars Solbakken, Chief Executive Officer in Ship Finance Management
AS, said in a comment: "We are very pleased to have recruited Mr.
Lund to become the new Commercial Director of our company. His broad
international shipping background and detailed knowledge of several
of our target segments will be very valuable for us as we continue
our growth and diversification. We also expect that our new office in
Singapore will increase our business volume in Asia."
August 7, 2008
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 and announced
acquisitions, the Company has a fleet of 71 vessels, including 33
crude oil tankers (VLCC and Suezmax), 2 chemical tankers, 8
oil/bulk/ore vessels, 13 container vessels, 3 dry bulk carriers, 6
offshore supply vessels and 3 seismic vessels, 2 jack-up drilling
rigs and one ultra-deepwater drillship. The fleet is one of the
largest in the world and most of the vessels are employed on long
term charters.
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.
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