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

KNOT tankerImage Courtesy: Flickr-Kees Torn under CC BY-SA 2.0 license

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

 

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jan 2019 >>
MTWTFSS
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 31 1 2 3

Singapore Maritime Week (SMW) 2019

very year, SMW gathers the international maritime community for a week of flagship conferences…

read more >

Maritime Reconnaissance & Surveillance Technology

Now in its 4th successful year, Maritime Reconnaissance & Surveillance Technology is the only event that specifically.

read more >

2nd CWC Japan LNG & Gas Summit

The highly successful CWC Japan LNG & Gas Summit returns for a second year…

read more >

GREENTECH IN SHIPPING GLOBAL FORUM

The mindset of sustainability and efficiency is the key to unlocking successful business…

read more >