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Home > Company Index > Transportation > Shipping > Knightsbridge Tankers Limited
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Knightsbridge Tankers Limited |
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PROFILE |
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Knightsbridge Tankers carries crude oil for Shell, come hell or high water. The company's five 298,000 deadweight ton tankers, each owned by a separate subsidiary, are chartered to Shell International Petroleum, an affiliate of Royal Dutch/Shell, under guaranteed "hell and high water," long-term, bareboat agreements. ("Bareboat" means that Shell pays all operating expenses and crew costs separately.) Knightsbridge Tankers' very large crude cargo (VLCC) vessels make regular trips between the Arabian Gulf and delivery ports in Europe and Asia. Each vessel is double-hulled to comply with the US Oil Pollution Act of 1990 and can hold more than 300,000 cubic meters of oil.
COMPETITION |
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Frontline Ltd. (FRONY)
OMI Corporation (OMM)
Overseas Shipholding Group, Inc. (OSG)
DEALS |
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Deal: Knightsbridge Raises $9 Million
Date Announced: 07.31.00
Value of transaction (US $Mil): 9
Description: Data-warehousing and systems-integration company raises round of funding.
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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 76.30
1-Yr. Sales Growth: 89.3%
KEY PEOPLE |
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Tor Olav Trĝim
CEO
Kate Blankenship
CFO
CONTACT INFO |
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Mercury House, 101 Front St.
Hamilton HM 12, Bermuda
Phone: 1-441-295-6935
Fax: 1-441-295-3494
Online: Web Site
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