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Knightsbridge Completes Vessel Acquisition

Maritime Activity Reports, Inc.

March 16, 2015

Knightsbridge Shipping Limited announce that the second and final stage of its vessel acquisition transaction with Frontline 2012 Ltd. has closed.
 
The company has issued 31 million shares to Frontline 2012 Ltd. in exchange for 12 Cape size bulk carrier newbuildings.
 
Knightsbridge said it will have 111.1 million common shares outstanding following this transaction