While Knightsbridge is primarily a tanker company, it clearly sees better opportunities in the bulker market in a way similar to Fredriksen’s Frontline 2012, which has included capesizes in its latest massive buying spree revealed this week (see previous stories).
Knightsbridge says it expects the dry bulk market to have picked up by the time the capes are delivered in 2015. At the same time it has concluded the sale of the VLCC Mayfair to an unrelated third-party, realising $4m profits after the payment of debts.
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