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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
(Amendment No. )
Under the Securities Exchange Act of 1934
Ship Finance International Limited
--------------------------------------------------------------------------------
(Name of Issuer)
Common Shares, par value $1.00 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
G81075106
--------------------------------------------------------------------------------
(CUSIP Number)
December 31, 2006
--------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[_] Rule 13d-1(b)
[_] Rule 13d-1(c)
[X] Rule 13d-1(d)
----------
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
CUSIP No. G81075106
---------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Frontline Ltd.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [_]
(b) [X]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5. SOLE VOTING POWER
0
6. SHARED VOTING POWER
8,088,422
7. SOLE DISPOSITIVE POWER
0
8. SHARED DISPOSITIVE POWER
8,088,422
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,088,422
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
[_]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.12%
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
CUSIP No. G81075106
---------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Hemen Holding Limited
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [_]
(b) [X]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Cyprus
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5. SOLE VOTING POWER
0
6. SHARED VOTING POWER
13,333,994
7. SOLE DISPOSITIVE POWER
0
8. SHARED DISPOSITIVE POWER
13,333,994
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,333,994
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
[_]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
18.33%
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
CUSIP No. G81075106
---------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Farahead Investment Inc.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [_]
(b) [X]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Liberia
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5. SOLE VOTING POWER
0
6. SHARED VOTING POWER
14,000,000
7. SOLE DISPOSITIVE POWER
0
8. SHARED DISPOSITIVE POWER
14,000,000
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,000,000
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
[_]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
19.25%
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
--------------------------------------------------------------------------------
CUSIP No. G81075106
---------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Farahead Holdings Ltd.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [_]
(b) [X]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Cyprus
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5. SOLE VOTING POWER
0
6. SHARED VOTING POWER
14,000,000
7. SOLE DISPOSITIVE POWER
0
8. SHARED DISPOSITIVE POWER
14,000,000
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,000,000
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
[_]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
19.25%
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
CUSIP No. G81075106
---------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Greenwich Holdings Ltd.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [_]
(b) [X]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Cyprus
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5. SOLE VOTING POWER
0
6. SHARED VOTING POWER
27,333,994
7. SOLE DISPOSITIVE POWER
0
8. SHARED DISPOSITIVE POWER
27,333,994
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
27,333,994
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
[_]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
37.58%
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
CUSIP No. G81075106
---------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
John Fredriksen
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [_]
(b) [X]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Cyprus
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5. SOLE VOTING POWER
0
6. SHARED VOTING POWER
35,422,416
7. SOLE DISPOSITIVE POWER
0
8. SHARED DISPOSITIVE POWER
35,422,416
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
35,422,416
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
[_]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
48.69%
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
CUSIP No. G81075106
---------------------
Item 1(a). Name of Issuer:
Ship Finance International Limited
-----------------------------------------------------------------
(b). Address of Issuer's Principal Executive Offices:
Par-la-Ville Place
14 Par-la-Ville Road
Hamilton HM 08, Bermuda
-----------------------------------------------------------------
Item 2(a). Name of Person Filing:
Frontline Ltd.
Hemen Holding Limited
Farahead Investment Inc.
Farahead Holding Ltd.
Greenwich Holdings Ltd.
John Fredriksen
-----------------------------------------------------------------
(b). Address of Principal Business Office, or if None, Residence:
Frontline Ltd.
Par-la-Ville Place
14 Par-la-Ville Road
Hamilton HM 08, Bermuda
Hemen Holding Limited
c/o Seatankers Management Co. Ltd.
P.O. Box 53562
CY-3399 Limassol, Cyprus
Farahead Investment Inc.
c/o Seatankers Management Co. Ltd.
P.O. Box 53562
CY-3399 Limassol, Cyprus
Farahead Holding Ltd.
c/o Seatankers Management Co. Ltd.
P.O. Box 53562
CY-3399 Limassol, Cyprus
Greenwich Holding Ltd.
c/o Seatankers Management Co. Ltd.
P.O. Box 53562
CY-3399 Limassol, Cyprus
John Fredriksen
c/o Seatankers Management Co. Ltd.
P.O. Box 53562
CY-3399 Limassol, Cyprus
-----------------------------------------------------------------
(c). Citizenship:
Frontline Ltd. - Bermuda
Hemen Holding Limited - Cyprus
Farahead Investment Inc. - Liberia
Farahead Holding Ltd. - Cyprus
Greenwich Holding Ltd. - Cyprus
John Fredriksen - Cyprus
-----------------------------------------------------------------
(d). Title of Class of Securities:
Common Shares, par value $1.00 per share
-----------------------------------------------------------------
(e). CUSIP Number:
G81075106
-----------------------------------------------------------------
Item 3. If This Statement is filed pursuant to sections 240.13d-1(b) or
240.13d-2(b), or (c), check whether the person filing is a:
(a) [_] Broker or dealer registered under Section 15 of the Exchange
Act (15 U.S.C. 78o).
(b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act (15
U.S.C. 78c).
(c) [_] Insurance company as defined in Section 3(a)(19) of the
Exchange Act (15 U.S.C. 78c).
(d) [_] Investment company registered under Section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) [_] An investment adviser in accordance with section
240.13d-1(b)(1)(ii)(E);
(f) [_] An employee benefit plan or endowment fund in accordance
with section 240.13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in accordance
with Rule 13d-1(b)(1)(ii)(G);
(h) [_] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C.1813);
(i) [_] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);
(j) [_] Group, in accordance with section 240.13d-1(b)(1)(ii)(J).
Item 4. Ownership.
(a) Amount beneficially owned:
Frontline Ltd. - 8,088,422
Hemen Holding Limited - 13,333,994
Farahead Investment Inc. - 14,000,000
Farahead Holding Ltd. - 14,000,000
Greenwich Holding Ltd. - 27,333,994
John Fredriksen - 35,422,416
------------------------------------------------------------
(b) Percent of class:
Frontline Ltd. - 11.12%
Hemen Holding Limited - 18.33%
Farahead Investment Inc. - 19.25%
Farahead Holding Ltd. - 19.25%
Greenwich Holding Ltd. - 37.58%
John Fredriksen - 48.69%
------------------------------------------------------------
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote
Not Applicable
(ii) Shared power to vote or to direct the vote
Frontline Ltd. - 8,088,422
Hemen Holding Limited - 13,333,994
Farahead Investment Inc. - 14,000,000
Farahead Holding Ltd. - 14,000,000
Greenwich Holding Ltd. - 27,333,994
John Fredriksen - 35,422,416
(iii) Sole power to dispose or to direct the disposition of
Not Applicable
(iv) Shared power to dispose or to direct the disposition of
Frontline Ltd. - 8,088,422
Hemen Holding Limited - 13,333,994
Farahead Investment Inc. - 14,000,000
Farahead Holding Ltd. - 14,000,000
Greenwich Holding Ltd. - 27,333,994
John Fredriksen - 35,422,416
-------------------------------------------------------
Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable
-----------------------------------------------------------------
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
Not Applicable
-----------------------------------------------------------------
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company or Control Person.
Not Applicable
-----------------------------------------------------------------
Item 8. Identification and Classification of Members of the Group.
Not Applicable
-----------------------------------------------------------------
Item 9. Notice of Dissolution of Group.
Not Applicable
-----------------------------------------------------------------
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any transaction
having such purpose or effect.
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
FRONTLINE LTD.
By: /s/ Tor Olav Troim
----------------------
Name: Tor Olav Troim
Title: Vice President and Director
Date: January 24, 2007
HEMEN HOLDING LIMITED
By: /s/ Eva Agathangelou
---------------------
Name: Eva Agathangelou
Title: Director
Date: January 24, 2007
FARAHEAD INVESTMENT INC.
By: /s/ Marios Saveriades
----------------------
Name: Marios Saveriades
Title: President
Date: January 24, 2007
FARAHEAD HOLDING LTD.
By: /s/ Marios Saveriades
----------------------
Name: Marios Saveriades
Title: Director
Date: January 24, 2007
GREENWICH HOLDING LTD.
By: /s/ Stelios Savvides
---------------------
Name: Stelios Savvides
Title: Director
Date: January 24, 2007
JOHN FREDRIKSEN
By: /s/ John Fredriksen
----------------------
Name: John Fredriksen
Date: January 24, 2007
Exhibit A
AGREEMENT
The undersigned agree that this Schedule 13G dated January 24, 2007 relating to
the Common Stock, of Ship Finance International Limited shall be filed on behalf
of the undersigned.
FRONTLINE LTD.
By: /s/ Tor Olav Troim
----------------------
Name: Tor Olav Troim
Title: Vice President and Director
Date: January 24, 2007
HEMEN HOLDING LIMITED
By: /s/ Eva Agathangelou
----------------------
Name: Eva Agathangelou
Title: Director
Date: January 24, 2007
FARAHEAD INVESTMENT INC.
By: /s/Marios Saveriades
----------------------
Name: Marios Saveriades
Title: President
Date: January 24, 2007
FARAHEAD HOLDING LTD.
By: /s/ Marios Saveriades
----------------------
Name: Marios Saveriades
Title: Director
Date: January 24, 2007
GREENWICH HOLDING LTD.
By: /s/ Stelios Savvides
----------------------
Name: Stelios Savvides
Title: Director
Date: January 24, 2007
JOHN FREDRIKSEN
By: /s/ John Fredriksen
----------------------
Name: John Fredriksen
Date: January 24, 2007
23153 0003 739726