VLCCF - Long Term Charter Contract

VLCCF - Long Term Charter Contract

ID: 42839

(Thomson Reuters ONE) -


Knightsbridge Tankers Limited ("Knightsbridge" or the "Company") is pleased to
announce that it has entered into a new bareboat 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 bareboat charter employment in October
2010.

The Mayfair has been chartered to a Far East based operator for a period of five
years at a rate which is determined by the Company to be equivalent to at least
$32,000 per day on a time charter basis. The charterers will pay for the
vessel's drydocking due in the fourth quarter 2010.

All Knightsbridge's vessels are now fixed on time and bareboat charters expiring
between 2011 and 2015.

The Board is pleased to have secured the charter for MT Mayfair, which is in
line with its strategy to safeguard the Company's long term earnings and
dividend capacity, as well as reducing the financial exposure.

Hamilton, Bermuda
September 20, 2010



[HUG#1445369]








This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Knightsbridge Tankers Limited via Thomson Reuters ONE




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Bereitgestellt von Benutzer: hugin
Datum: 20.09.2010 - 13:40 Uhr
Sprache: Deutsch
News-ID 42839
Anzahl Zeichen: 0

contact information:
Town:

Hamilton



Kategorie:

Business News



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"VLCCF - Long Term Charter Contract"
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