NYK Group company Knutsen NYK Offshore Tankers AS (KNOT), has concluded a time-charter contract with Total for a Suezmax shuttle tanker, reports Baird Maritime.
What is in the contract?
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,. Th vessel is currently under construction at COSCO Zhoushan Shipyard.
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Source: BairdMaritime
