| Business Summary | | Knightsbridge
Tankers
Limited
is
engaged
in
the
acquisition,
disposition,
ownership,
leasing
and
chartering
of,
through
wholly
owned
subsidiaries,
five
very
large
crude
oil
carriers
(the
Vessels)
and
certain
related
activities.
The
Company
charters
the
Vessels
to
Shell
International
Petroleum
Company
Limited
(the
Charterer)
on
long-term
bareboat
charters.
The
obligations
of
the
Charterer
under
these
charters
are
jointly
and
severally
guaranteed
by
Shell
Petroleum
N.V.
and
The
Shell
Petroleum
Company
Limited.
Each
Vessel
is
an
approximately
298,000-deadweight
ton
double-hull
Vessel
with
design
features
include
a
cargo
system
designed
for
optimum
port
performance,
a
high-grade
anti-corrosion
paint
system
and
pipeline
materials
that
have
been
specified
with
a
view
to
long
service,
an
efficient
power
generation
system
including
shaft
generator,
additional
firefighting
and
safety
equipment
and
improved
structural
design.
The
Vessels
are
all
registered
in
the
Isle
of
Man. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | VLCCF
engages
in
the
acquisition,
disposition,
ownership,
leasing
and
chartering
of,
through
wholly
owned
subsidiaries,
five
very
large
crude
oil
carriers.
The
Co.
charters
these
vessels
to
Shell
International
Petroleum
Co.
Ltd.
For
the
three
months
ended
3/01,
revenues
totaled
$26.1
million,
up
from
$10
million.
Net
income
totaled
$19.3
million,
up
from
$3.1
million.
Revenues
reflect
higher
charter
hire
revenue.
Net
income
also
reflects
lower
depreciation
as
a
percentage
of
sales. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Ola Lorentzon, 51 | Chairman | Tor Troim, 38 | CEO,
Vice Chairman | Kate Blankenship, 36 | CFO,
Sec. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|