Knightsbridge Tankers Limited (the ‘Company’) reports net income of $7.2 million and earnings per share of $0.42 for the second quarter of 2007. The average daily time charter equivalents (‘TCEs’) earned by the Company’s five VLCCs was $36,800 compared with $43,800 in the preceding quarter. The second quarter earnings reflect a weakening of the market as well as a fall in earnings for one vessel resulting from a change in employment. Net interest expense for the quarter was $1.4 million (2006 comparable quarter: $1.3 million) and at June 30, 2007, all of the Company’s debt is floating rate debt.
Green Marine
about 19 years ago
Knightsbridge Tankers Limited (VLCCF) – Second Quarter 2007 Results
Knightsbridge Tankers Limited (the ‘Company’) reports net income of $7.2 million and earnings per share of $0.42 for the second quarter of 2007. The average daily time charter equivalents (‘TCEs’) earned by the Company’s five VLCCs was $36,800 compared with $43,800 in the preceding quarter. The seco
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