Search results for: Knightsbridge

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A list of search results

  • 10 March 2014
    Business & Finance

    Knightsbridge Tankers Limited (Knightsbridge) today announced that it has entered into agreements to acquire five fuel efficient 180,000 DWT Capesize bulk carrier newbuildings from Frontline 2012 and one Capesize bulk carrier built in 2013 from Karpasia. Knightsbridge has agreed to pay $61 million for each of the five Capesize newbuildings and $55 million for the […]

  • 26 March 2015

    The merger transactions pursuant to which Golden Ocean will merge into Knightsbridge have been approved at today’s special general meeting of the shareholders of Knightsbridge. As a result, the name of Knightsbridge will be changed to “Golden Ocean Group Limited” immediately after the effective time of the merger.  On Monday, Knightsbridge informed that its shares have […]

  • 24 April 2014
    Business & Finance

    Knightsbridge Tankers Limited and Frontline 2012 Ltd. have agreed to combine Frontline 2012’s remaining fleet of 25 fuel efficient vessels with Knightsbridge. The newbuildings have expected deliveries between September 2014 and September 2016, with five vessels delivering in 2014, 14 vessels in 2015 and six vessels in 2016. Knightsbridge recently acquired five Capesize newbuildings from […]

  • 17 March 2015
    Business & Finance

    Dry bulk specialist Knightsbridge Shipping has, through the second and final shares for vessels transaction, completed the acquisition of 12 Capesize newbuildings from John Fredriksen’s Frontline 2012. The transfer is part of a previously agreed deal to combine Frontline 2012’s remaining fleet of 25 vessels with Knightsbridge. Knightsbridge has transferred additional 31 million shares to Frontline 2012 in […]

  • 19 November 2014
    Business & Finance

    Dry bulk carrier Knightsbridge Shipping Limited has  filed a registration statement with the United States Securities and Exchange Commission (SEC) covering the Knightsbridge common shares to be issued by Knightsbridge to Golden Ocean’s shareholders. The shares are being issued under the merger deal between Knightsbridge and Golden Ocean Group Limited announced in early October. The […]

  • 23 January 2015
    Business & Finance

    Dry bulk shipping company Knightsbridge Shipping Limited has filed a registration statement to issue USD 506.9 million-worth of shares in connection with the proposed merger with Golden Ocean Group Ltd. Dry bulk shipping companies Golden Ocean Group Limited and Knightsbridge Shipping Limited agreed to merge, with Knightsbridge as the surviving legal entity in early October last year. […]

  • 17 September 2014
    Business & Finance

    Knightsbridge Tankers Limited has completed the first stage of its previously announced shares for vessels transaction with Frontline 2012 Ltd. Knightsbridge has issued 31 million shares in exchange for 11 Cape size bulk carrier newbuildings, and two Newcastlemax newbuildings. Back in April 2014, Knightsbridge Tankers and Frontline 2012 agreed to combine Frontline 2012’s remaining fleet of 25 vessels […]

  • 23 November 2012
    Business & Finance

    Knightsbridge Tankers Limited announced that the VLCC Kensington has been sold to an unrelated third party with expected delivery in November 2012. The Company expects to record a gain of approximately $0.1 million in the fourth quarter having recorded an impairment loss of $13.5 million on this vessel in the third quarter. The net cash […]

  • 31 July 2012
    Business & Finance

    Knightsbridge Tankers Limited, yesterday announced that one of its charterers, Hong Xiang Shipping Holding (Hong Kong) Co Limited (“Hong Xiang”), has redelivered the 176,000 dwt Capesize drybulk carrier Golden Zhejiang before final maturity of the charter. The Golden Zhejiang was on charter for a rate of $32,326 per day net, for a minimum period ending […]

  • 19 March 2007

    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 […]

  • 20 May 2007

    Knightsbridge Tankers Limited (“Knightsbridge” or the “Company”) announces that it has agreed to fix out on time charter one of its two Capesize bulk carriers currently under construction at Daehan Shipbuilding Co. Ltd in the Republic of Korea. The charter is for a period of five years from the delivery scheduled for September 2009 and […]

  • 1 April 2015
    Business & Finance

    Dry bulk specialist Knightsbridge Shipping has completed its previously announced merger with Golden Ocean Group Limited.  In connection with the closing of the merger, Knightsbridge will change its name to Golden Ocean Group Limited (GOGL). The merger between the two bulker operators was announced back in October last year. The combined company, with Knightsbridge as the […]

  • 12 September 2012
    Business & Finance

    Knightsbridge Tankers Limited announces that the sale of the VLCC Hampstead, which was discussed in the second quarter earnings release dated August 14, 2012, was not completed due to the buyer’s default. The sale was, therefore, cancelled and Knightsbridge will retain the deposit received in the amount of $2.43 million. This amount will be recorded […]

  • 20 March 2013
    Business & Finance

      Knightsbridge Tankers Limited announced that it has concluded two newbuilding contracts for 182,000 dwt Capesize bulk carriers with Japan Marine United Corporation (“JMU”) in Japan. The design provided by JMU represents the next generation Capesize bulk carriers with the latest technology available in order to secure fuel efficiency. The vessels are expected to be […]

  • 8 October 2014
    Business & Finance

    Dry bulk shipping companies Golden Ocean Group Limited and Knightsbridge Shipping Limited have agreed to merge, with Knightsbridge as the surviving legal entity. Completion of the merger is also subject to the execution of certain definitive documents, customary closing conditions and regulatory approvals.The merger is subject to approval by the shareholders of Golden Ocean and […]

  • 8 January 2015
    Business & Finance

    Dry bulk transportation company Knightsbridge Shipping Limited has entered into a charter agreement with RWE Supply & Trading GmbH, a wholly owned subsidiary of European energy company RWE AG,  for 15 Capesize vessels. Under the contract, all 15 vessels have been chartered out on approximately five years. The vessels will be delivered over the coming five quarters […]

  • 20 December 2007

    Knightsbridge Tankers Limited is pleased to announce that it has agreed to sell its 1995-built double hull VLCC tanker Chelsea for the net sale proceeds of approximately $99 million. Delivery to buyers is expected to take place in January 2008.

  • 20 March 2013

    Knightsbridge Tankers Limited (Knightsbridge) has concluded two newbuilding contracts for 182,000 dwt Capesize bulk carriers with Japan Marine United Corporation (JMU) in Japan. The design provided by JMU represents the next generation Capesize bulk carriers with the latest technology available in order to secure fuel efficiency. The Board is of the opinion that it has […]

  • 27 February 2015
    Business & Finance

    Dry bulk shipping companies Golden Ocean Group and Knightsbridge Shipping have chosen March 26 to hold a special general meeting and finalize the merger talks. If the shareholders approve the plan, the companies expect to conclude the merger by the end of March 2015, subject to the execution of certain definitive documents, customary closing conditions and regulatory approvals. The merger was announced […]

  • 13 February 2007

    Knightsbridge Tankers Limited (the “Company”) reports net income of $9.2 million and earnings per share of $0.53 for the fourth quarter of 2006. The average daily time charter equivalents (“TCEs”) earned by the Company’s five VLCCs was $41,700 compared with $52,900 in the preceding quarter. The decrease represents a seasonal weakening of the tanker market. […]

  • 10 January 2012
    Business & Finance

      Knightsbridge Tankers Limited has amended the time charter with Frontline Ltd​. for the VLCC Hampstead. The time charter hire has been reduced from $37,750 per day to $27,050 per day for the remaining period of the charter commencing January 1, 2012. The expected redelivery date is April 22, 2012. The Company will be compensated […]

  • 9 September 2010

    Ship Equip announced the signing of a major broadband communications contract with Frontline Management, world leader in the international seaborne transportation of crude oil. The agreement between Ship Equip and Frontline Management AS (NYSE:FRO) includes ships from Frontline, Golden Ocean and Knightsbridge Tankers. The Frontline group of companies, with majority owner John Fredriksen, is one […]