HAMILTON, Bermuda, May 4, 2007 (PRIME NEWSWIRE) — Ship Finance International Limited (“Ship Finance” or “SFL”) announced today that Ole B. Hjertaker, CFO, will present at the Bear Stearns 8th Annual Global Transportation Conference. The conference will be held at the Bear Stearns World Headquarters at 383 Madison Avenue in New York, New York. The presentation will take place on May 9, 2007 at 2:00 pm (EST).
A live audio webcast of the presentation can be found at the following link: http://cc.talkpoint.com/BEAR002/050807a_sc/?entity=shipfinance
The link to the audio webcast will be live just prior to the start of the presentation. A replay of the audio webcast will be available through our website http://www.shipfinance.org for a period of 180 days.
About Ship Finance
Ship Finance is a major shipowning company listed on the New York Stock Exchange (NYSE:SFL). Including newbuildings, Ship Finance owns a fleet consisting of 58 vessels, including 35 crude oil tankers (VLCC and Suezmax), 8 oil/bulk/ore vessels, 7 container vessels, 3 dry bulk carriers, 2 jack-up drilling rigs and 3 seismic vessels. The fleet is one of the largest in the world with a total cargo capacity of more than 11 million dwt. and the vessels are employed on medium or long term charters.
Cautionary Statement Regarding Forward Looking
Statements This press release may contain forward looking statements. These statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, including Ship Finance management’s examination of historical operating trends. Although Ship Finance believes that these assumptions were reasonable when made, because assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond its control, Ship Finance cannot give assurance that it will achieve or accomplish these expectations, beliefs or intentions.
Important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in this presentation include the strength of world economies and currencies, general market conditions including fluctuations in charter hire rates and vessel values, changes in demand in the tanker market as a result of changes in OPEC’s petroleum production levels and world wide oil consumption and storage, changes in the Company’s operating expenses including bunker prices, dry-docking and insurance costs, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, and other important factors described from time to time in the reports filed by the Company with the United States Securities and Exchange Commission.
CONTACT: Ship Finance International Limited +1 441 295 6935 Fax: +1 441 295 3494 http://www.shipfinance.bm/ P.O. Box HM 1593, Par-la-Ville Place 14 Par-la-Ville Road HM 08 Hamilton Bermuda