Ship Finance International Limited (SFL) was Initiated by Seaport Global Securities to “Neutral” and the brokerage firm has set the Price Target at $16. Seaport Global Securities advised their investors in a research report released on Aug 22, 2016.
Ship Finance International Limited closed down -0.01 points or -0.06% at $15.76 with 4,79,003 shares getting traded on Friday. Post opening the session at $15.73, the shares hit an intraday low of $15.64 and an intraday high of $15.84 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Ship Finance International Limited is an international ship owning and chartering company. The Company is engaged primarily in the ownership and operation of vessels and offshore related assets and also involved in the charter purchase and sale of assets. The Company operates through subsidiaries partnerships and branches located in Bermuda Cyprus Malta Liberia Norway Singapore the United Kingdom and the Marshall Islands. The Company’s assets consist of approximately 19 oil tankers 14 drybulk carriers 17 container vessels two car carriers two jack-up drilling rigs three ultra-deepwater drilling units six offshore supply vessels and two chemical tankers. The Company’s oil tankers and chemical tankers are all double-hull vessels. Some of its customers include Frontline Seadrill NADL Sinochem Shipping Co. Ltd. China National Chartering Co Ltd Heung-A Shipping Co. Ltd. Hyundai Glovis Co. Ltd. Western Bulk A/S Hamburg Sud Group and Hanjin Shipping.