KNOT Offshore targeting tanker buy after $40m fundraiser

KNOT Offshore Partners is aiming to buy another shuttle tanker from its parent company after it pockets new cash in an ongoing fundraiser.

The New York-listed spinoff of Knutsen NYK Offshore Tankers is expected to reel in $40m from a private placement of shares that is expected to close on 30 June.

KNOT Offshore said earlier this week that it is raising 1.67