Tanker Operator KNOT Offshore Partners LP announces acquisition of Tove Knutsen tankeroperator.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tankeroperator.com Daily Mail and Mail on Sunday newspapers.
Knot Offshore Partners LP: KNOT Offshore Partners LP Announces Acquisition of Tove Knutsen
Seven-year fixed-rate time charter with Equinor Shipping extends long-term contract and distribution coverage
KNOT Offshore Partners LP (the Partnership ) (NYSE:KNOP) announced today that its wholly owned subsidiary, KNOT Shuttle Tankers AS, has agreed to acquire KNOT Shuttle Tankers 34 AS, the company that owns the shuttle tanker,
Tove Knutsen, from Knutsen NYK Offshore Tankers AS ( KNOT ) (the Acquisition ). The purchase price of the Acquisition is $117.8 million, less $93.1 million of outstanding indebtedness and will be financed on a non-dilutive basis using cash on hand and borrowings under KNOP s existing revolving credit facility.
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Seven-year fixed-rate time charter with Equinor Shipping extends long-term contract and distribution coverage
KNOT Offshore Partners LP (the Partnership ) (NYSE:KNOP) announced today that its wholly owned subsidiary, KNOT Shuttle Tankers AS, has agreed to acquire KNOT Shuttle Tankers 34 AS, the company that owns the shuttle tanker,
Tove Knutsen, from Knutsen NYK Offshore Tankers AS ( KNOT ) (the Acquisition ). The purchase price of the Acquisition is $117.8 million, less $93.1 million of outstanding indebtedness and will be financed on a non-dilutive basis using cash on hand and borrowings under KNOP s existing revolving credit facility.
The
Tove Knutsen is a 153,000-deadweight ton DP2 Suezmax class shuttle tanker, built by Hyundai Heavy Industries and delivered in September 2020. The vessel is operating in Brazil under a seven-year time charter with Equinor Shipping Inc., providing fixed-rate firm employment through to at least the fourth quarter of 2027. The charter