Last $4.93 USD
Change Today +0.10 / 2.07%
Volume 856.7K
VLCCF On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 4:30 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

knightsbridge shipping ltd (VLCCF) Snapshot

Open
$4.75
Previous Close
$4.83
Day High
$5.15
Day Low
$4.73
52 Week High
06/9/14 - $16.32
52 Week Low
12/12/14 - $3.57
Market Cap
395.0M
Average Volume 10 Days
512.9K
EPS TTM
$0.18
Shares Outstanding
80.1M
EX-Date
02/17/15
P/E TM
27.0x
Dividend
$0.20
Dividend Yield
9.13%
Current Stock Chart for KNIGHTSBRIDGE SHIPPING LTD (VLCCF)

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knightsbridge shipping ltd (VLCCF) Details

Knightsbridge Shipping Limited, a shipping company, engages in the seaborne transportation of dry bulk cargoes worldwide. As of October 7, 2014, it owned and operated a fleet of 27 Capesize dry bulk carriers. The company was formerly known as Knightsbridge Tankers Limited and changed its name to Knightsbridge Shipping Limited in October 2014. Knightsbridge Shipping Limited was founded in 1996 and is based in Hamilton, Bermuda.

1 Employees
Last Reported Date: 03/6/14
Founded in 1996

knightsbridge shipping ltd (VLCCF) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

knightsbridge shipping ltd (VLCCF) Key Developments

Knightsbridge Shipping Limited Enters into an Agreement with RWE Supply & Trading GMBH for Chartering Out Total of 15 Capesize Vessels

In January 2015, Knightsbridge entered into an agreement with RWE Supply & Trading GmbH, a wholly owned subsidiary of RWE AG (a major European energy company), for chartering out a total of 15 Capesize vessels on long term, index-linked contracts. The vessels are expected to be delivered over the next five quarters starting in the first quarter 2015. In January 2015, Knightsbridge took delivery of KSL Sakura, KSL Seville, KSL Seoul and Golden Kathrine. These are four of the new building vessels that were purchased from Frontline 2012 in September 2014. On February 5, 2015, an agreement was signed between Knightsbridge (as guarantor), various special purpose companies, or SPCs, (as borrowers) and various banks for a $425.0 million senior secured post-delivery term loan facility. The purpose of the loan is to partially finance 14 new building vessels. The loan is divided into 12 tranches of $30.0 million and two tranches of $32.5 million.

Knightsbridge Shipping Limited to Report Q4, 2014 Results on Feb 27, 2015

Knightsbridge Shipping Limited announced that they will report Q4, 2014 results on Feb 27, 2015

Knightsbridge Shipping Limited enters into an agreement with RWE Supply & Trading

Knightsbridge Shipping Limited announced that it has entered into an agreement with RWE Supply & Trading GmbH for chartering out a total of 15 Capesize vessels on long term contracts. The basis of the transaction is to employ the vessels on index linked contracts. The earning of each vessel is decided through a pre-agreed premium on top of the prevailing spot market (Baltic Cape Index 4 T/C), reflecting the better performance of the new generation Capesize vessels. The vessels will be delivered over the coming five quarters starting first quarter 2015. The transaction is done on a "to be nominated" ("tbn") basis where the Company will deliver vessels on a fairly evenly spread basis through until the first quarter of 2016. The duration of each charter contract is approximately five years.

 

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VLCCF Competitors

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Company Last Change
Diana Shipping Inc $6.93 USD -0.04
Globus Maritime Ltd $1.60 USD 0.00
NewLead Holdings Ltd $0.03 USD +0.0015
Paragon Shipping Inc $1.85 USD +0.01
Safe Bulkers Inc $3.79 USD +0.06
View Industry Companies
 

Industry Analysis

VLCCF

Industry Average

Valuation VLCCF Industry Range
Price/Earnings 12.9x
Price/Sales 3.5x
Price/Book 0.4x
Price/Cash Flow 13.2x
TEV/Sales NM Not Meaningful
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