ZIM and Shell Complete First LNG Bunkering in Jamaican Waters
ZIM Integrated Shipping Services Ltd. and Shell International Petroleum Company Limited announced the successful bunkering of the ZIM SAMMY OFER containership with liquefied natural gas (LNG), marking the first LNG bunkering operation in Jamaican waters. The vessel was bunkered at Kingston Freeport Terminal Limited (KFTL) on March 26, 2023. The ZIM SAMMY OFER is the first in a series of ten 15,000 TEU LNG dual-fuel containerships which ZIM plans to deploy on their ZCP trade line.
Knightsbridge Tanker Announces Distribution
Knightsbridge Tankers Limited announced that its Board of Directors has declared a cash distribution in the amount of $0.80 per common share. The cash distribution will be payable on or about February 10, 2004, to shareholders of record as of January 27, 2004. The declaration of the cash distribution follows the calculation by Knightsbridge of the payment of charterhire due from Shell International Petroleum Company Limited ("Shell International"), a member of the Royal Dutch/Shell Group of Companies, for the period from October 1, 2003 to December 31, 2003. The charterhire payable by Shell International is the greater of a guaranteed minimum rate or a spot market related rate.
Knightsbridge Tankers Limited Announces Long Term Charter
Knightsbridge Tankers Limited has secured a long-term time charter contract, for one of the Company's five very large crude carriers (VLCC's), with a highly reputable charterer. The five-year agreement will help to provide a steady and predictable flow of revenue with secured income of approximately $31,000 per day for the duration of the contract. The arrangement will commence in mid March, 2004 upon the redelivery of the vessel from Shell International Petroleum Company.
