Brokers: KNOT Poised to Order Up to Four More Shuttle Tankers?

Knutsen NYK Offshore Tankers (KNOT) has reportedly inked a Letter of Intent (LoI) with COSCO Shipping Heavy Industry to order two firm 154,000 dwt shuttle tankers.

Under the agreement, the company has an option to book the construction of two more shuttle tanker newbuilds, data from Asiasis shows.

The financial details of the contract were not disclosed, however, should the contract move forward, the first vessel is expected for delivery within 30 months.

The LoI is being reported on the back of an order for two shuttle tanker newbuilds placed by KNOT with Hyundai Heavy Industries at the end of last month.

The two ships are assigned for Norwegian oil major Equinor, and are to be employed on the Roncador field, the third largest producing field in Brazil, in which Equinor recently acquired 25 percent interest.

The vessels are designed for operations in Brazilian waters and will come in operation in 2020.

World Maritime News Staff; Image Courtesy: Flickr-Kees Torn under CC BY-SA 2.0 license