KNOT Offshore Partners taking over Lena Knutsen shuttle tanker

KNOT Offshore Partners is set to expand its fleet with the recently built Lena Knutsen shuttle tanker.

During the second quarter, the company entered into a share purchase agreement with Knutsen NYK
to acquire the company that owns the Lena Knutsen.

Built by Hyundai Heavy Industries in South Korea in June of 2017, the Lena Knutsen is a Suezmax class enhanced DP2 shuttle tanker operating under time charter with Shell in Brazil.

The charter expires in the third quarter of 2022, with options to extend to 2032.

In a conference call on Thursday, Knot Offshore Partners said it had reached a deal with its sponsor Knutsen NYK to acquire the vessel for $142 million with delivery effective from the start of October 2017.

The acquisition price for the Lena Knutsen is $142 million. This is $5 million less than the purchase price for Tordis and Vigdis, the recently acquired sister vessels.

The current data from VesselsValue shows the Lena Knutsen is already in Brazil, currently sailing past Salvador, Brazil, going South.

Worth noting, KNOT Offshore Partners might soon add another vessel to its fleet.  Knutsen NYK in July acquired from Chevron the Brazil Voyager, a DP2 Suezmax class shuttle tanker built in 2013.

The vessel, which is located in Brazil, is not currently under contract. The vessel has been renamed Brasil Knutsen, and Knutsen NYK is seeking to secure a long-term time charter for it. The vessel might then be taken by KNOT.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

OWI WA 2019

West Africa’s only dedicated Offshore Well Intervention Conference is returning for its second year…

read more >

OIL & GAS PHILIPPINES 2019

Oil & Gas Philippines event display products like Oil & gas, fire protection systems and materials…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply