• Market Leader

    KNOP (together with our Sponsor KNOT) is the market leader, with the world’s largest shuttle tanker fleet and more than 30 years’ experience investing in and operating shuttle tankers at the leading edge of innovation.

  • Cash Flow Generation

    KNOP views a sustainable distribution as an important part of the Partnership’s value proposition and seeks to secure charter coverage to reliably support that distribution on a long-term basis.

  • 1099 Filer (No K-1s)

    As KNOP elects to be treated as a C-Corporation for U.S. tax purposes, KNOP unitholders receive a standard 1099 form, rather than a partnership K-1.

  • Fixed-Rate Charters

    KNOP’s vessels are employed primarily on fixed-rate, medium and long-term charters and are used for the loading, transportation, storage, and discharge of our customers' crude oil; charter contract revenues are not impacted by the charterer’s utilization of a vessel or by the price of fuel, providing forward visibility of cash flows.

  • Insulated from Oil Price Moves

    KNOP is typically paid a fixed day rate per vessel, with fuel costs borne by the charterer, thus KNOP suffers no direct impact from short-term oil price volatility.

  • Diversified Charter Portfolio

    KNOP’s customers are a diverse group of National Oil Companies and Oil Majors, with no vessel charter contract accounting for more than 10% of EBITDA and charter hire is due and payable monthly in advance.

  • Superior Asset Versatility

    KNOP’s vessels are more economic and environmentally friendly than a pipeline, while offering charterers source and destination flexibility and KNOP the ability to reposition over time to service evolving offshore customer requirements and industry developments.

  • Differentiated Business with High Barriers to Entry

    With stricter operating and maintenance standards, specialized assets, highly trained crew and longer-term fixed-rate contracts, shuttle tankers typically offer a less volatile investment opportunity compared to other types of conventional or commoditized shipping.

  • Critical Infrastructure

    As necessary and highly specialized assets performing a critical infrastructural role in long-term offshore energy projects, shuttle tankers have limited replacement risk.