KNOP Bags Dan Sabia

KNOP Bags Dan Sabia

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 vessel, subject to post-closing adjustments.

The cash portion of the purchase price was financed with proceeds from KNOP’s public offering of 5,000,000 common units which closed on June 2, 2015.

The Dan Sabia is operating in Brazilian waters under bareboat charter with Petrobras Transporte S.A. The charter commenced upon delivery of the vessel in the first quarter of 2012 and will terminate in the first quarter of 2024.

KNOP owns, operates and acquires shuttle tankers under long-term charters in the offshore oil production regions of the North Sea and Brazil.

Share this article

Follow World Maritime News

In Depth>


<< Sep 2019 >>
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

The Smart Ship Exchange

The Exchange will look at the issues involved with increasing autonomy in shipping with an introduction to the concept…

read more >

3rd MarSat Workshop

The MARSAT project wants to operationalise and standardise EO products and aims to develop…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >

OEE Conference & Exhibition 2019

OEE2019 is organised by Ocean Energy Europe, the industry association representing ocean energy in Europe.

read more >