UPDATE: Global Hunter Securities Upgrades Knightsbridge Tankers (VLCCF) to Buy
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Evercore Partners Upgrades Knightsbridge Tankers (VLCCF) to Overweight
March 11, 2014 6:53 AM EDTEvercore Partners upgraded Knightsbridge Tankers (NASDAQ: VLCCF) from Equal Weight to Overweight with a price target of $14.00.
For an analyst ratings summary and ratings history on Knightsbridge Tankers click here. For more ratings news... More
Knightsbridge (VLCCF) to Acquire Five DWT Capesize Newbuilds from Frontline 2012
March 10, 2014 9:48 AM EDTFrontline 2012 Ltd. and Knightsbridge Tankers Limited (Nasdaq: VLCCF) announced that they and Karpasia Shipping Inc (Karpasia), a company controlled by a trust established by John Fredriksen for the benefit of his immediate family have agreed for Knightsbridge to acquire five fuel efficient 180,000 DWT Capesize bulk carrier newbuildings from Frontline 2012 and one Capesize bulk carrier built in 2013 from Karpasia. The newbuildings were ordered by Frontline 2012 from Shanghai Waigaoqiao Shipbuilding Company Limited in China and have expected deliveries of between May 2014 and September 2014.
Knightsbridge has agreed to pay $61 million for each of the five Capesize... More
