Neu auf wallstreet:online? Jetzt kostenlos registrieren!
Registrieren | Login
x
Benutzername:

Passwort:

Angemeldet bleiben
Passwort vergessen?

    VLCCF - Acquisition of newbuilding contracts and sale of vessel

    Nachrichtenquelle: GlobeNewswire
     |  20.03.2013, 11:08  |  182 Aufrufe  |   | 

    Knightsbridge Tankers Limited ("Knightsbridge" or the "Company") is pleased to announce 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 delivered during 2015. The Board is of the opinion that it has obtained favorable terms, attractive pricing and considers risk / reward as attractive from a historical perspective.  The Board also believes that after a period of oversupply but still with solid demand growth, utilization of the dry bulk fleet is expected to improve at the time of delivery of the newbuildings.

    Furthermore the Company announces that the VLCC Mayfair has been sold to an unrelated third party with expected delivery in the second quarter of 2013. The Company expects to record a loss of approximately $5.3 million. The net cash proceeds from the sale is approximately $4 million after repayment of debt.

    The acquisition of the Capesize newbuilding contracts and the sale of the Mayfair is part of Knightsbridge's strategy to renew and grow the fleet. After the above transactions the Company's fleet consists of four Capesize bulk carriers and two Capesize bulk carrier newbuilding contracts.

    The Board of Directors
    Knightsbridge Tankers Limited
    Hamilton, Bermuda
    March 19, 2013

    Questions should be directed to:

    Contact:
    Ola Lorentzon: Chairman, Knightsbridge Tankers Limited
    + 46 703 998886

    Inger M. Klemp: Chief Financial Officer, Knightsbridge Tankers Limited
    +47 23 11 40 76




    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

    HUG#1686640

    Themen: CapJapanBermuda


    Schreibe Deinen Kommentar

     

    Disclaimer

    Nachrichtenquelle

    Weitere Nachrichten des Autors

    TitelLeser
    227
    197
    182
    181
    181
    181
    173
    168
    163
    160
    TitelLeser
    791
    700
    543
    495
    360
    342
    318
    295
    294
    293
    TitelLeser
    1842
    1703
    909
    852
    820
    791
    759
    722
    700
    646
    TitelLeser
    16135
    14260
    11519
    9802
    9466
    9405
    8821
    7242
    6431
    5699

    Top Nachrichten aus der Rubrik