Independent Tankers Corporation Limited announces that BP Shipping Limited has extended the charter for the VLCC British Progress for one additional year and the vessel will trade on a market rate with a minimum bareboat rate of $20,000 per day until February 2, 2014.
The Board of Directors
Independent Tankers Corporation Limited
Hamilton, Bermuda
February 7, 2012
Questions should be directed to:
Magnus Vaaler, Vice President Finance, Frontline Management AS
+47 23 11 40 00
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Independent Tankers Corporation Limited via Thomson Reuters ONE
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Independent Tankers Corporation Limited via Thomson Reuters ONE
HUG#1583214
