KNOT Offshore Partners LP is a publicly traded limited partnership formed in 2013 to own and operate shuttle tankers under long‐term charters in the offshore oil industry. Listed on the New York Stock Exchange under the symbol KNOP, the partnership specializes in the transportation of crude oil from offshore production facilities to onshore refineries. Its fleet comprises moderne shuttle tankers equipped with dynamic positioning systems, enabling safe transfer operations in harsh weather and sea conditions.
The partnership’s vessels primarily serve fields in the North Sea, Brazil and West Africa, where they operate under multi‐year contracts with major energy producers. These shuttle tankers are tailored to meet stringent environmental and safety regulations, featuring double hull construction and advanced navigation systems. Through fixed‐rate and minimum‐volume charter agreements, KNOT Offshore Partners LP seeks to provide stable cash flows and maintain high utilization across its fleet.
KNOT Offshore Partners LP is managed by KNOT Offshore GP AS, a wholly owned subsidiary of Knutsen NYK Offshore Tankers (KNOT), itself a joint venture between the Knutsen Group and Nippon Yusen Kaisha (NYK). The general partner oversees all commercial and technical management, including crewing, maintenance and compliance with international maritime standards. The board of directors and executive leadership draw on decades of combined experience in offshore shipping and project management to guide the partnership’s growth strategy.
Since its initial public offering in 2013, KNOT Offshore Partners LP has focused on selective fleet expansion and strategic fleet renewal to enhance operational efficiency and environmental performance. The partnership continues to explore opportunities for growth through additional long‐term charters and potential acquisitions of modern shuttle tankers. By leveraging its affiliation with established industry players, KNOT Offshore Partners LP aims to maintain a leading position in the global shuttle tanker segment.
AI Generated. May Contain Errors.