Ship Finance International has agreed to build four 4,800TEU newbuilding container vessels at a state-owned shipyard in China with scheduled delivery in 2013.
The aggregate construction cost will be approximately US$230 million, with a majority of the payment due on delivery of the vessels.
The vessels will be chartered on time-charter basis to a large, European-based container line for seven years from delivery, and the charter rate will be approximately $26,250 net per day per vessel.
The vessels are wide-beam container vessels, optimised for higher cargo intake and efficient speed/consumption economics compared to existing vessels of similar size.
{WISroYQ symbol='SFL'}
