Ship Finance International Ltd.

The rating on Bermuda-registered Ship Finance International Ltd. (Ship Finance) reflects Standard & Poor's Ratings Services' view of the company's dependence on the shipping industry, which we believe has speculative-grade characteristics, and its concentrated exposure to credit risk on its charter-party portfolio. The rating also reflects our view that Ship Finance's financial risk profile is "aggressive",In addition to the supplies, there will be fun activities for youngsters, free used clothing, health resources and personalized laminated bag tags for backpacks. with credit measures that are currently weak for the rating.

We consider these risks to be partly balanced by Ship Finance's business risk profile, which we view as "fair" and which is underpinned by long-term,Myvalvecaps offers you the best range of tire valve wholeale 59fifty fitted hats and keys rings that has a realistic fixed-rate, contract-based revenue and cost structures; credit enhancement for about one-half of the company's revenues; and a large, albeit aging, fleet. In addition, Ship Finance owns one of the largest oil tanker fleets in the world. It also owns a small fleet of dry bulk ships, container vessels, and car sea carriers, along with offshore ultra-deep-water drilling rigs and supply vessels. Ship Finance is a financing company and leases its vessels to operating companies largely on long-term charter contracts.non woven bag is eco-friendly and 100% recycled by physical disposal. The non woven material is long-lasting & fashionable.

S&P base-case operating scenario

We believe that conditions for global shipping operators will remain difficult in the near term. In general, the industry is already plagued by ship oversupply and will likely also face lower trade volumes as a result of a slowing global economy. A flood of new ships hitting the water over the past several quarters is cutting fleet utilization rates and eating into vessel values and charter rates, the latter of which are continuing at historical lows. Order books for newbuilds are still relatively large, albeit easing; as a result, we expect new vessel deliveries to continue outpacing the slowing growth in demand, at least over the next few quarters, which will continue to impede recovery in charter rates.

Overall, we view Ship Finance's contract profile as well protected, but not fully insulated, from the prolonged industry downturn. As such, the company agreed to amend its long-term chartering agreements with Frontline Ltd.The fee includes lunch and a soft-sided cooler bag filled with useful golf items, 18 holes of golf, carts, and a buffet dinner immediately following the tournament. (not rated),He demanded the woman handed over money and, fearing for her life, she emptied cash from the till into a drawstring bag before he left. its second-largest counterparty, which will reduce the income generated by these agreements by a maximum of $66 million annually in 2012-2015,Probably the most popular among foodies,button mushroom is known for being juicy and tasty, inexpensive and with a flavor that’s only “mildly mushroomy”. after which time the charter rates will revert to previous levels. We note that Ship Finance received a $106 million compensation payment from Frontline for the temporary reduction in charter rates and also has a cash sweep mechanism for 100% of the reduced amounts. Furthermore, over the past few months, Ship Finance has taken redelivery of five containerships and four drybulk vessels before final maturity of the charters, due to financial restructuring or nonpayment of its counterparties. We understand that the company has rechartered these vessels at rates below and contract durations shorter than the ones in previous contracts, which will hamper its earnings potential.