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 April, 1998


                  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     





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 April 15,
1998.  The press release relates to the declaration by the Board
of Directors of the Company of a cash distribution in the amount
of $0.45 per share payable on or about May 12, 1998, to
shareholders of record as of April 27, 1998.

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.



































                                2





                  KNIGHTSBRIDGE TANKERS LIMITED


FOR IMMEDIATE RELEASE


                  KNIGHTSBRIDGE TANKERS LIMITED
                            announces
                        Cash Distribution


Contact:      Karl Molander
              Knightsbridge Tankers Limited
              Investor Relations
              (011)+46-8-613 30 30

FOR IMMEDIATE RELEASE

KNIGHTSBRIDGE TANKERS LIMITED announces Cash Distribution

Contact: Karl Molander
    Knightsbridge Tankers Limited
    Investor Relations
    (011)+46-8-613 30 30

Hamilton, Bermuda, April 15, 1998:  Knightsbridge Tankers Limited
("Knightsbridge") announced that its Board of Directors has
declared a cash distribution, in the amount of US$0.45 per share.
The cash distribution will be payable on or about May 12, 1998,
to shareholders of record as of April 27, 1998.  The declaration
of the cash distribution follows receipt by Knightsbridge of its
payment of charterhire from Shell International Petroleum Company
Limited ("Shell International"), a member of the Royal
Dutch/Shell Group of Companies, for the period from January 1,
1998 to March 31, 1998.  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, 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.  The spot market related rate did not
exceed the guaranteed minimum rate in the first quarter of 1998,
and the charterhire paid by Shell International to Knightsbridge
on April 15, 1998 was the minimum rate.

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





                                3





                           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: April 20, 1998        By:  /s/ Ola Lorentzon
                                  ___________________________
                                  Ola Lorentzon
                                  Director, Deputy Chairman
                                  and Treasurer



































                                4
01655002.AE1