KNOT Offshore Partners L.P. (KNOP)

Overview

KNOT Offshore Partners LP is an established company focused on the acquisition, ownership, and operational management of shuttle tankers. These vessels are primarily engaged in the loading, transportation, and unloading of crude oil across strategic marine locations, with a special focus on the North Sea and Brazil. Operating under long-term charters, the company caters to a specific segment of the maritime logistics industry, providing critical services that facilitate the global movement of oil. Founded in 2013 and with its headquarters in Aberdeen, United Kingdom, KNOT Offshore Partners LP has positioned itself as a key player in the offshore oil transportation sector, leveraging its expertise and strategic assets to serve the needs of the oil industry.

Products and Services

• Shuttle Tankers Operations

  Specializing in the acquisition and operational management of shuttle tankers, KNOT Offshore Partners LP plays a vital role in the maritime oil transportation industry. These tankers are specially designed for the safe and efficient transport of crude oil from offshore oil fields to onshore terminals or directly to refineries. The shuttle tankers operated by KNOT Offshore are equipped with state-of-the-art technology to ensure the highest safety standards and operational efficiency.

• Long-term Charters

  The company’s business model is heavily reliant on engaging its fleet under long-term charters. This approach provides a stable and predictable revenue stream, reducing the exposure to the volatile spot market. Long-term charters are agreements where KNOT Offshore’s vessels are leased to clients for extended periods, ensuring that the company’s tankers are continuously employed, thereby maximizing utilization and financial performance.

• Bareboat Charters

  In addition to operating shuttle tankers under time charters, KNOT Offshore Partners LP also engages in bareboat charter agreements. Under these arrangements, the company leases out its vessels without crew, maintenance, or insurance, which are then provided by the lessee. This type of charter provides flexibility for clients who prefer to manage the operational aspects of the vessel themselves, while still benefiting from the modern and efficient fleet owned by KNOT Offshore.