KNOT Offshore Partners acquires shuttle tanker for $24.4m

KNOT Offshore Partners announced that its subsidiary KNOT Shuttle Tankers agreed to acquire Knutsen Canadian Chartering from Knutsen NYK Offshore Tankers for an initial cost of approximately $24.4 million.

The transaction includes the ownership of Hedda Knutsen, a 154,000 DWT Suezmax class shuttle tanker delivered in 2024 by COSCO Shipping Heavy Industry.

Currently operating in Brazil under a time charter with Petrobras until November 2034, the vessel carries a charterer option for an additional five years.

The $113 million purchase price reflects $89.4 million in outstanding debt alongside $0.8 million of capitalized credit facility fees, subject to customary working capital adjustments.