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TANKERS: Twin VLCCs sold by Knightsbridge

Bermuda-based Knightsbridge Tankers Ltd has sold two of its Very Large Crude Carriers (VLCCs), the 1995-built Titan Venus (ex-Camden) and 1996-built Hampstead, both of around 298,000dwt. The owners reported a buyer’s default on the original sale of Hampstead, but a second party stepped in to take the ship in September.

Titan Venus will be delivered to her new owners upon the expiration of her current bareboat charter contract for petroleum storage purposes. Both ships were built by South Korea’s Daewoo and share the same measurements of 322m by 58m on a loaded draught of 22m. Propulsion is provided by a Sulzer 7RTA 84T main engine developing 36,000bhp.

Following disposal of the two ships, Knightsbridge’s fleet consists of four Capesize vessels and two VLCCs, with one VLCC and two Capesize fixed on bareboat and time charters that will expire between 2013 and 2015. JS

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