KNOT signs for more shuttle tankers in China

Knutsen NYK Offshore Tankers (KNOT) has penned a new contract with Cosco Shipping Heavy Industry (Zhoushan) for up to four suezmax shuttle tanker newbuilds.

The Haugesund-based joint venture set up in 2010 by Trygve Seglem’s Knutsen and Japanese line Nippon Yusen Kaisha (NYK) has firmed up three 154,000 dwt units and secured an option for an additional vessel.

The latest order takes KNOT’s overall newbuilds at COSCO Zhoushan to 11. The Chinese shipyard has already delivered five ships and shipbuilding databases show three more are set to be handed over in 2024 and 2025.

View entirety: Splash247