About KNOP

KNOT Offshore Partners LP

We are a limited partnership formed in February 2013 to operate and acquire vessels, with a focus on the shuttle tanker segment.

The shuttle tanker is often described as a “floating pipeline,” and usually operates under a period charter which is a non-volume based contract. Our Tankers typically shuttle oil from offshore installations to onshore facilities in much the same way a pipeline would transport oil along the ocean floor. Each vessel is operating in a niche space and, being built to the charterers' requirements, are often used on specific oilfields for the long term. The vessels initially attract charters with National Oil Companies and Oil Majors.

Our sponsor, Knutsen NYK Offshore Tankers AS (Knutsen NYK), is a market leading independent owner and operator of shuttle tankers, jointly owned by TS Shipping Invest AS (TSSI), and Nippon Yusen Kaisha (NYK). TSSI controlled by our Chairman, is a private Norwegian company with ownership interests in shuttle tankers, liquefied natural gas (LNG), tankers and product/chemical tankers. NYK is a Japanese public company with a fleet of approximately 800 vessels, including bulk carriers, containerships, tankers and specialized vessels. Knutsen NYK through both direct investment and ownership of the general partner retains at least 25% of the limited partner interest in us.

Modern Strategic Assets with Long-term Employment

Shuttle Tanker “floating pipelines” form an integral part of the logistics supply chain for the Charterer. All our modern vessels operate under charter with major oil and gas companies engaged in offshore productions, such as Shell, ExxonMobil, Equinor, Transpetro and ENI.

Latest Advanced Technology

Our Shuttle Tankers are equipped with the latest advanced technology, including dynamic positioning and offshore systems, ensuring safe and efficient offloading from offshore installations, in the most challenging of locations and weather conditions.

Consistent Performance with Financial Opportunities

Backed by an experienced active and large Sponsor in Knutsen NYK, our modern fleet has a solid and profitable contract base, since formation, we have had very high levels of vessel utilization. Financially, this translates into high and increasing predictable revenue, and cash flow as more vessels are added to the fleet with an ability to access all financial markets on competitive terms.

Growth Outlook

We currently own and operate a modern fleet of sixteen state of the art shuttle tankers, this is a 300% increase in fleet size since our initial public offering in April 2013, when there was a fleet of 4 vessels. With our large fleet, Knutsen NYK support who have over 30 years’ experience in operating this type of vessel we are well placed to continue our growth story.

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