KNOT Offshore reported a smaller-than-expected jump in first-quarter profit after a tanker ran into technical troubles.
The company also revealed that it purchased a shuttle tanker from parent Knutsen NYK Offshore Tankers.
The New York-listed shuttle tanker owner reported $11.4m in profit for the period, up from $10.7m in the same quarter of 2016.
KNOT Offshore earnings
| Q1 2017 | Q1 2016 | |
| Revenue | $45m | $42m |
| Expenses | $27.5m | $22.8m |
