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Pure Play or Mixed Fleet?

Is it time to diversify to diminish risk? Mr. Fredriksen clearly thinks so or perhaps sees more opportunities with his companies being more closely aligned. Previously, Knightsbridge Tankers ordered two newbuilding Capesize bulkcarriers. This week they added a third acquiring the M/V Golden Future, delivered from Zhoushan Jinhaiwan Shipyard in February 2010, from the Golden Ocean Group, a related company, for a purchase price $72 million. The vessel is employed a 3-year time charter at a gross rate of $31,500 per day. The transaction is subject to the approval of Knightsbridge’s lenders.

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