Ship Finance's outlook has improved now that Seadrill's restructuring is formally set in a Chapter 11 bankruptcy, Seaport Global Securities say.
Since the the John Fredriksen-led first signaled that it would seek a restructuring back in February, Ship Finance saw its New York-listed shares plummet to a June low of $12.45.
Shares have since recovered to $14.38, and remain down 3% year-to-date.
