KNOT orders new shuttle tankers for charter with Equinor
Published by Alex Hithersay,
Editorial Assistant
Hydrocarbon Engineering,
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.
Read the article online at: https://www.hydrocarbonengineering.com/tanks-terminals/28092018/knot-orders-new-shuttle-tankers-for-charter-with-equinor/
You might also like
Hydrocarbon Engineering Podcast
Leakhena Swett, President of the International Liquid Terminals Association (ILTA), and Jay Cruz, Senior Director of Government Affairs and Communications, join us to consider the key role that industry associations have to play in the sectors that they serve.
Catalyst Technologies to be sold to Honeywell for £1.8 billion
An agreement to sell Catalyst Technologies for £1.8 billion with cash return of £1.4 billion has been reached between Johnson Matthey and Honeywell.
