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Knightsbridge Tankers Ltd and Frontline 2012 Ltd agree to create U.S. listed Capesize company with fleet of 39 modern vessels


Thursday, 24 Apr 2014 06:22am EDT 

Knightsbridge Tankers Ltd and Frontline 2012 Ltd:Agrees to combine Frontline 2012's remaining fleet of 25 fuel efficient vessels with Knightsbridge.Newbuildings have expected deliveries between September 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 Frontline 2012 and one vessel from Hemen Holding Ltd.Combination of Knightsbridge and Frontline 2012 Capesize fleet will create U.S. listed Capesize company with fleet of 39 modern vessels. 

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12.03
-0.04 -0.33%
25 Jul 2014