Knightsbridge, Frontline 2012 Complete Capesize Transfer Deal

Knightsbridge, Frontline 2012 Complete Capesize Transfer Deal

Dry bulk specialist Knightsbridge Shipping has, through the second and final shares for vessels transaction, completed the acquisition of 12 Capesize newbuildings from John Fredriksen’s Frontline 2012.

The transfer is part of a previously agreed deal to combine Frontline 2012’s remaining fleet of 25 vessels with Knightsbridge.

Knightsbridge has transferred additional 31 million shares to Frontline 2012 in exchange for the newbuildings, having previously issued the same amount of shares to Frontline 2012 in Septemper 2014.

Following this transaction, Knightsbridge will have 111.1 million common shares outstanding.

Frontline 2012 now controls 70% of the shares at Knightsbridge, which is due to merge with Golden Ocean, also a part of Fredriksen Group, by the end of March.

 

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

Europort Romania

Europort Romania is the premier maritime networking event of the Black Sea and will connect maritime technology and service suppliers with high level professionals from Romania and surrounding shipbuilding markets.

More info

read more >

MARITIME INDUSTRY 2020

The future of the maritime sector is the point of focus during Maritime Industry 2020.

read more >