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Knightsbridge Shipping Limited Message Board

  • dubb1949 dubb1949 Nov 27, 2012 4:25 AM Flag

    Kensington has been sold

    ("Knightsbridge" or "the Company") announces that the VLCC Kensington has been sold to an unrelated third party with expected delivery in November 2012. The Company expects to record a gain of approximately $0.1 million in the fourth quarter having recorded an impairment loss of $13.5 million on this vessel in the third quarter. The net cash proceeds from the sale are approximately $10 million after repayment of debt.

    Sentiment: Hold

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