Knightsbridge Q211 results
Knightsbridge reports net income of $7.2 million and earnings per share of $0.30 for the second quarter of 2011.

Knightsbridge announces a cash dividend of $0.50 per share for the second quarter of 2011.

The time charter party for the Cape Size vessel Golden Zhejiang has been restructured. The charterer has been granted a reduction in the time charter hire for one year with effect from the July 1, 2011, which will be repaid by the charterers on a daily basis from July 1, 2012 over the remaining period of the initial charter to September 2014.. Additionally the Company has been granted two one year extension options at a favorable rate.

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