Knightsbridge Tankers Announces Dividend Surplus

Tuesday, January 16, 2001
Knightsbridge Tankers, a Nasdaq listed firm that leases five very large crude carriers (VLCCs) to Shell International, said on Tuesday its fourth quarter 2000 dividend would be over three times the average.

"The quarterly dividend is usually about 45 cents per share," a Knightsbridge spokeswoman said, adding "This time we're paying $1.68 per share."

The deal with Shell guarantees a minimum rate of $22,069 per day for each tanker in poor market conditions but in good market conditions the hire rate is linked to the spot market rate.

"The spot market related rate for the fourth quarter of 2000 exceeds the guaranteed minimum rate by $45,576 per vessel per day," Knightsbridge said in a statement.

The fourth quarter of 2000 saw an unprecedented high in tanker earnings on the strength of increased OPEC output and strict tanker chartering policies.

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Cruise Ship Trends

Holland America Line & Seabourn names Kammerer is V.P

Mark Kammerer has been named vice president, international marketing and sales for Holland America Line and Seabourn. In this role, he will be responsible for the companies’ sales offices in the U.

Cruise Ship Returns to Texas after Ebola Concern

The Carnival Magic cruise ship was en route back to the United States on Saturday with a passenger from Texas who might have handled specimens of the first Ebola

Kiel's 2014 Cruise Shipping Season Ends

Expanded terminal capacities created at Berth 1 This year’s cruise shipping season in Kiel closes on the evening of October 18 when the AIDAcara sets sail for the Canary Islands.

Finance

PDVSA Charters Another Algerian Crude Cargo

Venezuela's state-run oil company PDVSA has hired a supertanker to load a second 2 million-barrel cargo of Algerian crude, according to preliminary tanker fixture data.

Gulf Craft to Invest $100m in Dubai Shipyard

Company plans to invest $100 million over the next five years in the development of a new shipyard in Dubai Maritime City to build a global luxury yachts manufacturing

Pentair Reports 3Q 2014 Sales of $1.8 bi

Pentair plc today announced third quarter 2014 sales of $1.8 billion. Sales were up 3 percent compared to sales for the same period last year. Third quarter 2014

 
 
Maritime Contracts Maritime Security Pipelines Pod Propulsion Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1125 sec (9 req/sec)