Knutsen Sells Suezmax Shuttle Tanker

zoomIllustration; Image Courtesy: Knutsen Norwegian shipowner Knutsen NYK Offshore Tankers, a company established by Knutsen and Nippon Yusen Kaisha, has reached an agreement to sell its 2015-built Suezmax shuttle tanker for a price of USD 116.5 million, according to data provided by VesselsValue. Featuring a length of 276.3 meters and a width of 46 meters, the Raquel Knutsen was sold to KNOT Offshore Partners LP. Built by Chinas COSCO Zhoushan shipyard, the 152,000 dwt vessel is employed under a 10-year time-charter contract with Repsol Sinopec Brasil. Following the completion of the sale, Knutsen NYK Offshore Tankers will operate a fleet of 12 tankers with a total size of around 2 million dwt, VesselsValue data shows. The company has four Suezmax shuttle tankers currently under construction, three of which are being built by South Korean Hyundai Heavy Industries, while the COSCO Zhoushan is building the remaining tanker. The newbuildings are scheduled to join the companys fleet in November 2016 and February, April, and July of 2017, respectively. World Maritime News Staff