Search results for: KNOT Offshore

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  • 29 November 2018
    Business & Finance

    The CEO and CFO of KNOT Offshore Partners (KNOP) has decided to step down from his roles in the company.

  • 11 August 2017

    KNOT Offshore Partners is set to expand its fleet with the recently built Lena Knutsen shuttle tanker. During the second quarter, the company entered into a share purchase agreement with Knutsen NYK to acquire the company that owns the Lena Knutsen. Built by Hyundai Heavy Industries in South Korea in June of 2017, the Lena Knutsen […]

  • 29 September 2017

    Shuttle tankers operator KNOT Offshore Partners has completed its acquisition of the ownership interests in the company that owns and operates the shuttle tanker Lena Knutsen (KNOT Shuttle Tankers 26). KNOT Offshore announced the deal to buy the shuttle tanker back in August this year. The acquisition was done for an aggregate purchase price of $142 million less $133.8 […]

  • 16 June 2015

    KNOT Offshore Partners LP has bought all the ownership interests in the company that owns and operates the shuttle tanker Dan Sabia. The purchase price was $103.0 million, net of $64.5 million of outstanding indebtedness related to the vessel, subject to post-closing adjustments. The cash portion of the purchase price was financed with proceeds from […]

  • 10 June 2014
    Business & Finance

    KNOT Offshore Partners have entered into new senior secured credit facilities in order to refinance the Partnership’s total long term bank debt. The senior secured credit facilities consist of a $20.0 million revolving credit facility and $360.0 million in aggregate principal amount of term loans. Loans under the senior secured credit facilities will bear interest […]

  • 2 March 2018
    Business & Finance

    KNOT Offshore Partners has expanded its fleet to sixteen vessels, following the completion of acquisition of another shuttle tanker. 

  • 2 June 2017

    KNOT Offshore Partners LP has expanded its fleet with the Vigdis Knutsen shuttle tanker. Namely the company said Friday it completed its acquisition of the ownership interests in the company that owns and operates the shuttle tanker Vigdis Knutsen. The Vigdis Knutsen is an 156,559-deadweight ton shuttle tanker, built by Hyundai Heavy Industries in Korea and […]

  • 16 June 2015
    Business & Finance

    The NYSE-listed shipowning partnership KNOT Offshore Partners (KNOP) has completed the previously announced acquisition of all the ownership interests in KNOT Shuttle Tankers 21 AS, the company that owns and operates the 2012-built, 59,000 dwt double-hull DP2 shuttle tanker Dan Sabia. The purchase price was USD 103 million, net of USD 64.5 million of outstanding indebtedness related to the […]

  • 15 September 2016
    Business & Finance

    Norwegian oil company Statoil has extended a charter deal for the Bodil Knutsen shuttle tanker, owned by KNOT Offshore Partners. This means that Statoil has now exercised the last of two optional years of the time charter for the 2011-built vessel. The firm contract has been extended from May 2017, until May 2019. Following the […]

  • 1 March 2017

    Knot Offshore Partners has completed its acquisition of the ownership interests in the company that owns and operates the shuttle tanker Tordis Knutsen. In a transaction that involves several companies, Knot Shuttle Tankers AS, a subsidiary of Knot Offshore Partners, has entered into a purchase agreement to acquire Knot 24, the company that owns the […]

  • 24 June 2014
    Business & Finance

    KNOT Offshore Partners LP has entered into agreements to acquire from Knutsen NYK Offshore Tankers AS all of the ownership interests in the companies that own and operate the shuttle tankers Hilda Knutsen and Torill Knutsen (the “Acquisitions”). The purchase price of the Hilda Knutsen is $166.0 million, net of $109.6 million of outstanding indebtedness […]

  • 2 February 2015
    Business & Finance

    KNOT Offshore Partners LP today announced that Arild Vik has decided to step down as CEO and CFO of the partnership. Although Vik is resigning in order to pursue other interests outside of the partnership, the company says that he will be available for the partnership until July 30, 2015. This ensures that the Board […]

  • 31 March 2017
    Business & Finance

    Scotland-based KNOT Offshore Partners has, through its subsidiary, entered into a binding term sheet for a new senior secured credit facility in order to refinance the existing bank loan associated with the crude oil tanker Hilda Knutsen. The existing bank loan has an outstanding principal amount of USD 75.6 million with a balloon amount of USD 69.5 million […]

  • 5 December 2016

    KNOT Offshore Partners has expanded its fleet with another shuttle tanker – the Raquel Knutsen. The shipowners has informed it has completed its acquisition of the ownership interests in the company that owns and operates the shuttle tanker Raquel Knutsen. The deal was concluded for an aggregate purchase price of $116.5 million less $103.5 million […]

  • 21 April 2020
    Business & Finance, Business developments & projects, Infrastructure, Vessels

    Italian oil major Eni has extended the charter of KNOT Offshore Partners’ shuttle tanker Torill Knutsen.

  • 2 June 2017
    Business & Finance

    Scotland-based KNOT Offshore Partners LP has finalized the acquisition of the ownership interests in the company that owns and operates the 156,559 dwt shuttle tanker Vigdis Knutsen. The company informed that the purchase price reached USD 147 million, less USD 137.7 million of outstanding indebtedness plus some USD 17.9 million for a receivable owed by […]

  • 18 December 2017
    Business & Finance

    KNOT Shuttle Tankers has acquired Brasil Knutsen, a shuttle tanker.

  • 2 December 2016
    Business & Finance

    Scotland-headquartered KNOT Offshore Partners LP has completed its acquisition of the ownership interests in the company that owns and operates the shuttle tanker Raquel Knutsen. KNOT Offshore Partners bought the interest for an aggregate purchase price of USD 116.5 million less USD 103.5 million of outstanding indebtedness, USD 29 million of which was repaid at […]

  • 29 September 2017
    Business & Finance

    KNOT Offshore Partners LP has completed its acquisition of the ownership interests in the company that owns and operates the shuttle tanker Lena Knutsen – KNOT Shuttle Tankers 26.  The 156,559 dwt Lena Knutsen was built by Hyundai Heavy Industries in Korea and delivered in June 2017. The 284.3-meter-long vessel is operating in the Brazil under […]

  • 15 September 2016
    Business & Finance

    The 2011-built crude oil/shuttle tanker Bodil Knutsen will continue working for Norwegian oil company Statoil ASA for two more years, according to the vessels owner, the UK-based shuttle tanker operator KNOT Offshore Partners. Namely, the parties exercised an option to extend the ship’s time charter contract from May 2017 to May 2019. Additionally, the partnership granted the oil major new […]

  • 13 June 2014
    Business & Finance

    KNOT Offshore Partners LP announced today an agreement with Brazil Shipping I Limited, an affiliate of BG Group (“BG”) for the time charter of the vessel Windsor Knutsen. The hire rate for the initial term is in line with the rate in the existing charter with BG. The charter has an initial term of two […]

  • 1 August 2013
    Business & Finance

    KNOT Offshore Partners LP  announced today that further to its announcement on July 12, 2013, its wholly owned subsidiary KNOT Shuttle Tankers AS has completed its acquisition of all interests in Knutsen Shuttle Tanker 13 AS that owns and operates the Carmen Knutsen from KNOT Offshore Tankers AS for a purchase price of $145.0 million […]