Knightsbridge Tankers Limited (the “Company”) reports net income of $9.2 million and earnings per share of $0.53 for the fourth quarter of 2006. The average daily time charter equivalents (“TCEs”) earned by the Company’s five VLCCs was $41,700 compared with $52,900 in the preceding quarter. The decrease represents a seasonal weakening of the tanker market. Net interest expense for the quarter was $1.4 million (2005 comparable quarter: $1.4 million), and at December 31, 2006 all of the Company’s debt is floating rate debt.
Green Marine
about 19 years ago
Knightsbridge Tankers Limited – Fourth Quarter and Financial Year 2006 Results
Knightsbridge Tankers Limited (the “Company”) reports net income of $9.2 million and earnings per share of $0.53 for the fourth quarter of 2006. The average daily time charter equivalents (“TCEs”) earned by the Company’s five VLCCs was $41,700 compared with $52,900 in the preceding quarter. The decr
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