KNOT Offshore Partners LP has announced the acquisition of the shuttle tanker, Daqing Knutsen, through its subsidiary, KNOT Shuttle Tankers AS. The purchase price is set at $95 million, with $70.5 million in outstanding debt and $0.3 million in capitalized fees related to the vessel's credit facility. The initial cost of the acquisition is approximately $24.8 million, with adjustments for working capital expected post-closing. This move is part of the Partnership's strategy to expand its fleet and secure long-term charters with reliable counterparties, enhancing its cash flow stability.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. KNOT Offshore Partners LP published the original content used to generate this news brief via Business Wire (Ref. ID: 20250702940576) on July 02, 2025, and is solely responsible for the information contained therein.