KNOT Offshore Partners LP

KNOT Offshore Partners LP operates a fleet of shuttle tankers engaged in the transportation of crude oil under long-term time charters and bareboat arrangements. The company's vessels primarily serve production facilities in the North Sea and Brazil, where they handle loading, transportation, and discharge operations. Shuttle tankers are specialized vessels designed to transport crude oil directly from offshore production platforms to onshore terminals or larger vessels, providing essential midstream logistics in offshore oil production regions.

The company's revenue is generated through charter fees from oil and gas operators that require dedicated transportation capacity. The fleet operates under multi-year charter contracts, providing revenue visibility and reducing exposure to spot market volatility. Operations are concentrated in two primary geographic markets: the mature North Sea basin, where established production platforms require consistent transportation services, and Brazil's offshore fields, which represent a growing production region with significant crude export requirements.

Founded in 2013 and incorporated in the Marshall Islands with operational headquarters in Aberdeen, United Kingdom, the company maintains a minimal onshore workforce. The partnership structure enables it to distribute cash flows to unit holders while focusing capital on fleet acquisition and maintenance of its shuttle tanker assets.