KNOT Orders Two New DP2 Shuttle Tanker for Long-Term Charter with Equinor
September 27 2018 - 6:08AM
Business Wire
KNOT Offshore Partners LP Announced Today That Knutsen NYK
Offshore Tankers, as Our Sponsor, Has Sent out the Following Press
Release:
Haugesund, 26 September 2018
Knutsen NYK Offshore Tankers (“KNOT”) has been awarded a
contract to build two new Shuttle Tankers.
The two 153,000 DWT DP2 shuttle tankers will be built by Hyundai
Heavy Industries at their shipyard in South Korea and delivered in
2020.
The vessels will operate in Brazil, under a long-term charter
with energy major Equinor ASA (formerly Statoil ASA).
“We are pleased to announce these new shuttle tanker contracts
with Equinor, which further builds on KNOT’s market leading
position in the Brazil and continues our long relationship with
Equinor, which was established in 1984 when we ordered our first
shuttle tanker” commented Trygve Seglem.
Mr. Trygve Seglem, President and CEO of KNOT
ABOUT KNOP
KNOP (NYSE: KNOP) owns, operates and acquires shuttle tankers
under long-term charters in the offshore oil production regions of
the North Sea and Brazil. KNOP is structured as a master limited
partnership. KNOP’s common units trade on the New York Stock
Exchange under the symbol “KNOP.”
KNOP does not assume any obligation to update the information
contained in this press release.
Pursuant to the Omnibus Agreement between KNOT and KNOT Offshore
Partners LP (“KNOP”), KNOT will be required to offer both vessels
to KNOP at fair market value following each vessel’s commencement
of operations under its respective time charter. KNOP is not
obligated to purchase any of these vessels. The acquisition of any
of these vessels would be subject to approval by the board of
directors of KNOT and KNOP and the conflicts committee of KNOP, and
third-party consents. There can be no assurance that KNOP will
purchase any of these vessels.
Source: Knot Offshore Partners LP
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Knot Offshore Partners LPJohn CostainChief Executive
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