Knightsbridge Tankers – Extends Forward Time Charter Cover

Knightsbridge Tankers Limited (“Knightsbridge” or the “Company”) is pleased to announce that it has entered into a new time charter agreement for the very large crude carrier, (“VLCC”) MT Mayfair. The ship is currently trading in the spot market, and will commence the new time charter employment directly after the current voyage in end of March 2007.