Knightsbridge Tankers Shares Rise

Wednesday, March 19, 2008

Knightsbridge Tankers Ltd. shares are rising along with the broader market after an analyst said a new time charter will allow the company to weather a tough tanker market this year.  Analysts said the time charter the company signed should support the company through declining tanker rates this year and next. The five-year contract is for a new vessel to be delivered in 2009.
Source:  AP

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