The US-listed master limited partnership (MLP) reported net income of $12.5m versus the $6.3m achieved twelve months earlier.

KNOP, which is a pure play on the offshore shuttle tanker sector, saw revenue increase 67.5% year-on-year to $34.2m.

It attributed the improvement to the dropdown of the Hilda Knutsen and the Torill Knutsen (built 2013) from its parent in July and a $4.2m