Knightsbridge and Golden Ocean Group Merger Approved, Creating Dry Bulk Giant

A merger between dry bulk shippers Golden Ocean Group Ltd (OSE: GOGL) and Knightsbridge Shipping Ltd (Nasdaq: VLCCF) has been formally approved by shareholders, thereby creating one of the largest dry bulk shipping companies in the world. The merger between the two companies was first announced last October but was subject to approval by the shareholders of both Golden Ocean … [Read more...]

Knightsbridge and Golden Ocean Group Merger Creates Dry Bulk Giant

Dry bulk shippers Golden Ocean Group Ltd (OSE: GOGL) and Knightsbridge Shipping Ltd (Nasdaq: VLCCF) have entered into an agreement today to merge resulting in one of the largest dry bulk shipping companies in the world with 72 vessels, 36 of which are under construction. A significant portion of the newbuildings were originally ordered by Frontline 2012, a company controlled … [Read more...]

Knightsbridge Chairman Predicts Capesize Sector Recovery

Knightsbridge Tankers and Frontline 2012 announced today the two companies had reached an agreement to combine Frontline 2012's remaining fleet 25 capesize bulk carriers with Knightsbridge.  This deal will result in the formation of a new publicly-listed shipping company under the Knightsbridge brand providing investors a pure-play option into the iron ore shipping market. … [Read more...]

Fredriksen Sells Half Dozen Capes to Knightsbridge

In a deal announced this week, five capesizes under construction at Shanghai Waigaoqiao Shipbuilding in China, as well as 2013-built capesize bulker will be acquired by Knightsbridge Tankers Ltd. (Nasdaq: VLCCF) at a price of $61 million and $55 million each, respectively. The newbuilds were originally ordered by Frontline 2012 and have expected deliveries of between May and … [Read more...]

Knightsbridge Orders Pair of Capesize Bulkers, Sells VLCC

Knightsbridge Tankers announced today signed contracts for a pair of 182,000 DWT Capesize bulk carriers new-builds from Japan Marine United Corporation (JMU). This latest order brings the total number of Capesize bulkers ordered so far this year to around 50, according to C.R. Weber's Basil Mavrolean during a panel discussion at yesterday's Connecticut Maritime Association … [Read more...]