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KNOT orders new shuttle tankers for charter with Equinor

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Tanks and Terminals,

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).

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.

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