KNOT Offshore Partners LP (NYSE: KNOP) is a publicly traded master limited partnership formed to own, operate and acquire shuttle tankers under long-term, fixed-rate charters. The partnership specializes in the seaborne transportation of crude oil and petroleum products from offshore production facilities to refineries and storage terminals. Its shuttle tankers are equipped with dynamic positioning systems that enable safe and reliable loading in challenging offshore environments.
Since its initial public offering in 2013, KNOT Offshore Partners has steadily expanded its fleet through vessel acquisitions and joint ventures. The partnership’s shuttle tankers serve major oil and gas fields in the North Sea, the Brazilian coast and Southeast Asia, supporting producers such as Equinor, Petrobras and other international energy companies. Each vessel operates under multi‐year charters that provide revenue stability and strong visibility into cash flows.
The company is managed by KNOT Offshore Partners GP, LLC, whose leadership team comprises shipping and energy industry veterans based in Norway and Bermuda. Technical and crewing services are provided through affiliations with Knutsen NYK Offshore Tankers and KNOT FOCUS, ensuring high standards of safety, compliance and vessel maintenance.
KNOT Offshore Partners remains focused on disciplined growth, leveraging its deep charter relationships and operational expertise to pursue accretive vessel acquisitions. With a strategy centered on long-term, fixed-rate contracts and modern, purpose-built shuttle tankers, the partnership aims to deliver reliable service to its customers while generating stable results for unitholders.
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