ITCL - Extension of Charter
Press release from Independent Tankers Corporation Limited 07.02.2012
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