Hamilton, Bermuda - October 7, 2014 - Knightsbridge Tankers Limited (Nasdaq:VLCCF) (the "Company") has announced that it changed its name to Knightsbridge Shipping Limited. Also, the Company's web address has changed to http://www.knightsbridgeshipping.com. The Company's shares will continue to trade on the NASDAQ stock market under the symbol "VLCCF."

Questions should be directed to:

Ola Lorentzon: Chairman and Chief Executive Officer, + 46 703 998886

Inger M. Klemp: Chief Financial Officer, +47 23 11 40 76