latest news releases from the newsroom
Knightsbridge Tankers Limited
Knightsbridge Tankers Limited -- Announces Acquisition of Newbuilding Contracts
HAMILTON, Bermuda, May 9, 2007 (PRIME NEWSWIRE) -- Knightsbridge Tankers Limited ("Knightsbridge" or the "Company") announces that it has agreed to purchase two newbuilding contracts, each for a Capesize bulk carrier of approximately 170,000 deadweight tons ("dwt"). The ships will be built at Daehan Shipbuilding Co. Ltd in the Republic of Korea with delivery scheduled for September and December 2009 respectively. The newbuilding contracts have been acquired from Golden Ocean Group Limited ("GOGL") which company has ordered a series of sister ships at the same yard. The contract price for the two vessels is USD 81 million per vessel. In addition Knightsbridge will pay a 1% commission to GOGL for arranging the deal. GOGL is listed on the Oslo Stock Exchange and is a related party of Frontline Ltd, the parent company of the Company's manager.
Cardtronics Announces Amendment to Credit Agreement
HOUSTON, May 9, 2007 (PRIME NEWSWIRE) -- Cardtronics, Inc. ("Cardtronics" or the "Company"), the world's largest non-bank owner/operator of ATMs, announced today that it had completed a recent amendment to its existing Credit Agreement, which was originally entered into on May 17, 2005 (the "Credit Agreement").