KNOT, Total sign long-term contract for shuttle tanker

NYK Group company Knutsen NYK Offshore Tankers (KNOT) and Total have entered into a time-charter contract for a maximum 15-year period starting from 2021 for a Suezmax shuttle tanker.

The contract aims to use a 152,000 DWT DP-equipped vessel to shuttle crude oil produced in waters off Brazil.

KNOT will have 32 shuttle tankers in operation or on order upon delivery of the vessel, which is currently under construction at COSCO Zhoushan Shipyard.

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