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Fredriksen's Ship Finance declined in fourth quarter

John Frediksen's shipowning company Ship Finance International, which charters vessels to players including Maersk and MSC, emerged from the last months of the year with a lower bottom line, but higher revenue.

Ship Finance International, owned by Norwegian shipping magnate John Fredriksen, booked a fourth quarter with higher revenue but a lower bottom line.

The company, which owns vessels and charters them, booked USD 118.5 million in revenue in the fourth quarter against USD 111 million in the third quarter 2018, while operating results dived to USD 21.9 million from USD 43 million the previous quarter, shows the company's unaudited accounts.

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