UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                   FORM 6-K

                           Report of Foreign Issuer
                     Pursuant to Rule 13a-16 or 15d-16 of
                     the Securities Exchange Act of 1934




  For the month of                   April                           , 2003
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                         Knightsbridge Tankers Limited
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               (Translation of registrant's name into English)




       Par-la-Ville Place, 14 Par-la-Ville Road, Hamilton HM 08, Bermuda
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                   (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
                  ---------                     ---------


If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82-





Item 1. INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Attached as Exhibit 1 is a copy of the press release of Knightsbridge  Tankers
Limited (the "Company"),  dated April 15, 2003, relating to the declaration of
a cash distribution in the amount of $1.19 per share.


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.





Exhibit 1

FOR IMMEDIATE RELEASE


                         KNIGHTSBRIDGE TANKERS LIMITED
                                  announces
                              Cash Distribution

Hamilton,   Bermuda,   April   15,   2003:   Knightsbridge   Tankers   Limited
("Knightsbridge")  announces  that its Board of Directors  has declared a cash
distribution in the amount of US$1.19 per common share. The cash  distribution
will be payable on or about May 8, 2003, to shareholders of record as of April
25, 2003. The declaration of the cash distribution  follows the calculation by
Knightsbridge  of the  payment of  charterhire  due from  Shell  International
Petroleum  Company  Limited  ("Shell  International"),  a member  of the Royal
Dutch/Shell  Group of Companies,  for the period from January 1, 2003 to March
31, 2003. Shell  International  bareboat  charters five double hull very large
crude carriers (VLCCs) from Knightsbridge on a "hell and high water" basis for
a minimum  seven  year  term.  This  term  expires  in  February  2004.  Shell
International  has an option to extend the  charter  period for each VLCC from
February 2004 for an additional  seven year term, to a maximum of 14 years per
VLCC. Shell  International  is required to notify  Knightsbridge by the end of
June 2003 as to  whether  it  intends  to  exercise  the  option to extend the
charter period.

The charter hire payable by Shell International is the greater of a guaranteed
minimum rate or a spot market  related rate.  The spot market related rate for
the first quarter of 2003, as determined by the London Tanker  Brokers'  Panel
exceeds the guaranteed minimum rate by US$29,144 per vessel per day.

Knightsbridge's  Common Shares trade on the Nasdaq  National  Market under the
symbol "VLCCF".

Summary of Cash Distribution:

Amount:           US$1.19 per common share

Ex-Div Date:      April 23, 2003
Record Date:      April 25, 2003
Payment Date:     May 8, 2003


Contact:   Knightsbridge Tankers Limited   Ola Lorentzon (Oslo, Norway)
           Investor Relations              47 23 11 40 00
                                           Kate Blankenship (Hamilton, Bermuda)
                                           1 (441) 295-0182





                                  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 authorised.


                                                Knightsbridge Tankers Limited
                                                -----------------------------
                                                         (Registrant)




Date  April 16, 2003                        By  /s/ Kate Blankenship
      --------------                            --------------------
                                                   Kate Blankenship
                                                      Secretary



01655.0002 #398906