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.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Maersk unveils design of methanol vessels

For five years, Maersk has been working on developing a new vessel design, which can increase the energy efficiency of its fleet by 20 percent. The first eight vessels are planned to sail on green methanol from 2024.

Further reading

Related articles

Latest news

See all jobs