ITCL - Extension of Charter
(Thomson Reuters ONE) -
Independent Tankers Corporation Limited (the "Company") is pleased to announce
that BP Shipping Limited has extended the charter for the VLCC British Progress
for one additional year. As a result the vessel will trade on a market rate with
a minimum of $20,000 per day from February 2, 2011 until February 2, 2013.
The Company's charter coverage for its six double hull VLCCs is 67 percent for
2011 and 52 percent in 2012, if the charters are not extended. The charter
coverage for the three double hull Suezmax tankers is 100 percent for 2011 until
2015.
The Board of Directors
Independent Tankers Corporation Limited
Hamilton, Bermuda
February 3, 2011
Questions should be directed to:
Bengt Neteland: Vice President Finance, Frontline Management AS
+47 23 11 40 37
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: Independent Tankers Corporation Limited via Thomson Reuters ONE
[HUG#1484984]
Unternehmensinformation / Kurzprofil:
Datum: 03.02.2011 - 09:16 Uhr
Sprache: Deutsch
News-ID 51035
Anzahl Zeichen: 1475
contact information:
Town:
0112 Oslo
Kategorie:
Business News
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"ITCL - Extension of Charter"
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