Ship Finance International

SFL announced their third quarter results. Tanker rates are half what they were last year in the fourth quarter. I believe that the reason for this is that the opening of new pipelines, and an ample supply cushion has shortened crude trade routes and also released tankers used as storage facilities. That's the downside into next year. However, 60% of (adjusted) profits still came from profit sharing. That's a very good sign for long-term profit growth.