Knightsbridge Acquires Capesize Vessel

16 June 2010 (Last Updated June 16th, 2010 18:30)

Knightsbridge Tankers has purchased the Golden Future from Golden Ocean Group for $72m. The 176,000dwt Capesize vessel has been secured for a three-year charter at $31,500 a day. Knightsbridge will pay $25m of the purchase price by issuing 1.46 million common shares to

Knightsbridge Tankers has purchased the Golden Future from Golden Ocean Group for $72m.

The 176,000dwt Capesize vessel has been secured for a three-year charter at $31,500 a day.

Knightsbridge will pay $25m of the purchase price by issuing 1.46 million common shares to Golden Ocean and is planning to finance the remaining amount through a senior secured credit facility, the company said.

Knightsbridge said the Golden Future will be the third Capesize vessel in its fleet.