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Ship Finance Net Income Up in Q1

June 1, 2018

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The company posted a net income of USD 25 million in Q1 2018, compared to USD 20 million seen in Q4 2017.

Total operating revenues stood at USD 92 million in the three-month period ended March 31, 2018, compared to USD 96 million recorded in the fourth quarter of 2017.

In March, Ship Finance agreed to acquire a fleet of 15 feeder size container vessels. The vessels range in size from 1,100-4,400 TEU and were delivered to the company in early April 2018, upon which they immediately commenced 7-year fixed rate bareboat charters.

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