Ship Finance suspends debt offering
Ship Finance International Ltd. said it would suspend a previously announced public offering of up to $400 million of senior notes, due to weakening conditions in the debt capital markets.
SFI is affiliated with shipping magnate John Fredriksen, and its fleet includes many ships operated by his tanker company Frontline, as well as dry bulk carriers, oil rigs and containerships, including the five “Hunter” class ships operated by Horizon Lines.