Ship Finance International has assumed two suezmax tanker newbuilding contracts from Frontline. The Suezmax vessels, of 153,000 dwt each, will be built at the Jiangsu Rongsheng Heavy Industries Group Co. Ltd. in China for delivery in the first and third quarter 2009.

According to Scandinavian Shipping Gazette, the vessels are a part of a series of vessels ordered by Frontline at the shipyard, and the Company considers the price and payment terms to be attractive. Frontline will perform building supervision and shipyard follow-up on Ship Finance's behalf.