KNOT seals suezmax charter deal with PetroChina

Knutsen NYK Offshore Tankers (KNOT), a joint venture between NYK and Knutsen, has concluded a 10-year time charter contract with PetroChina for a shuttle tanker.

The 154,000 dwt suezmax tanker is currently being built at Cosco Zhoushan Shipyard, and it will be used to shuttle crude oil produced off Brazil from 2022.

Last week, KNOT ordered a 154,000 dwt suezmax tanker at Cosco Shipping Heavy, adding to another two vessels of the same size already under construction at the yard.

KNOT has a share of about 40% of the world’s shuttle tanker market with a fleet of 34 shuttle tankers in operation or on order.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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