Business Context and Reporting Period
This Form 6-K filing by Ship Finance International Limited (SFL) covers the month of September 2011. The report serves to announce a corporate event rather than provide financial results. SFL is a major ship owning company listed on the NYSE with a fleet of 73 vessels, including crude oil tankers, drybulk carriers, container vessels, and offshore drilling rigs. Most vessels are employed on long-term charters.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is an announcement of a conference presentation and does not contain financial statements or performance data.
Material Changes
No material financial changes versus the prior comparable period are reported in this filing. The document contains no comparative financial data.
Guidance, Outlook, and Risks
Management Commentary and Events: CEO Ole B. Hjertaker is scheduled to present at the Citi 2011 Global Industrials Conference in Boston on September 21, 2011. A live audio webcast and a 90-day replay are available via the company website.
Risks and Contingencies: The filing includes a cautionary statement regarding forward-looking statements. Key risks identified include:
- Strength of world economies and currencies.
- Fluctuations in charter hire rates and vessel values.
- Changes in OPEC petroleum production levels and worldwide oil consumption.
- Operating expense volatility, including bunker prices, dry-docking, and insurance costs.
- Governmental regulations and regulatory actions.
- Potential liability from pending or future litigation.
- Political conditions and disruption of shipping routes due to accidents or political events.
Key Facts for Investor Verification
- This filing contains no financial results; investors must refer to the company's Form 20-F or quarterly reports for financial data.
- CEO Ole B. Hjertaker presented at the Citi 2011 Global Industrials Conference on September 21, 2011.
- The company operates a diversified fleet of 73 vessels, with a significant portion on long-term charters.
- Forward-looking statements in the press release are subject to significant uncertainties regarding global economic and shipping market conditions.