Knightsbridge Tankers reports net loss for Q4

Knightsbridge Tankers Limited has reported that net loss for the fourth quarter ended December 31, 2012 was $276,000, or $0.01 loss per share, compared to a net income of $7.79 million, or $0.32 per share, for the fourth quarter ended December 31, 2011.

Operating revenues for the fourth quarter ended December 31, 2012 was $8.61 million, compared to $13.9 million for the fourth quarter ended December 31, 2011.

Net loss for the year ended December 31, 2012 was $53.43 million, or $2.19 loss per share, compared to a net income of $32.65 million, or $1.34 per share, for the year ended December 31, 2011.

Operating revenues for the year ended December 31, 2012 were $37.31 million, compared to $55.5 million for the year ended December 31, 2011.