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Commission File No. 0-29106
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of September, 1997
KNIGHTSBRIDGE TANKERS LIMITED
(Translation of registrant's name into English)
Cedar House
41 Cedar Avenue
Hamilton HM 12
Bermuda
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will
file annual reports under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
Indicate by check mark whether the registrant by furnishing
the information contained in this Form is also thereby furnishing
the information to the commission pursuant to Rule 12g3-2(b)
under the Securities Exchange Act of 1934.
Yes No X
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Item 1. INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Attached hereto is a copy of the press release of
Knightsbridge Tankers Limited (the "Company"), dated September 3,
1997. The press release relates to an offer by Frontline Ltd.
("Frontline"), an Oslo Stock Exchange listed company, for ICB
Shipping AB ("ICB"), a Stockholm Stock Exchange listed company
and an indirect parent of ICB Shipping (Bermuda) Ltd., the
Company's manager. As indicated in the press release, the Board
of ICB has rejected the offer proposed by Frontline.
Item 2. ADDITIONAL INFORMATION
Royal Dutch Petroleum Company and The Shell Transport
and Trading Company, Public Limited Company file annual reports
on Form 20-F (File Nos. 1-3788 and 1-4039) and periodic reports
on Form 6-K with the Securities and Exchange Commission pursuant
to the Securities Exchange Act of 1934, as amended. Such annual
reports contain the financial statements of the Royal Dutch/Shell
Group of Companies.
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FOR IMMEDIATE RELEASE
KNIGHTSBRIDGE TANKERS LIMITED
ANNOUNCES FRONTLINE OFFER FOR ICB SHIPPING
Contact: Karl Molander
011-46-8-613-3030
Hamilton, Bermuda, September 3, 1997. Knightsbridge Tankers
Limited ("Knightsbridge") (Nasdaq National Market Symbol "VLCCF")
has been made aware of an offer by Frontline Ltd., an Oslo Stock
Exchange listed company, for ICB Shipping AB ("ICB") , a
Stockholm Stock Exchange listed company. The Board of ICB has
rejected Frontline's offer. ICB is an indirect parent of
Knightsbridge's Manager, ICB Shipping (Bermuda) Ltd. ("ICB
Bermuda"). Knightsbridge owns five double hull very large crude
carriers (VLCCs) which it bareboat charters to Shell
International Petroleum Company Limited ("Shell International"),
a member of the Royal Dutch/Shell Group of Companies, on a "hell
and high water" basis for a minimum seven year term, with an
option for Shell International to extend the period for each VLCC
for an additional seven year term, to a maximum of 14 years per
VLCC. The charter hire payable by Shell International is the
greater of a guaranteed minimum rate or a spot market related
rate. Knightsbridge is managed by ICB Bermuda under a Management
Agreement with a term of 15 years.
Knightsbridge's Common Shares trade on the Nasdaq National Market
under the symbol "VLCCF".
Bermuda
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SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly
authorized.
KNIGHTSBRIDGE TANKERS LIMITED
(registrant)
Dated: September 10, 1997 By: /s/ Ola Lorentzon
___________________________
Ola Lorentzon
Director, Deputy Chairman
and Treasurer
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01655001.FR1
