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.