US-listed KNOT Offshore Partners would rather keep hold of shuttle tankers coming off term deals.
Earnings from refixing the vessels in tightening markets will outstrip any profit from selling them and recycling capital — for now, chief executive Derek Lowe told an earnings call.
The company’s 59,000-dwt Dan Cisne (built 2011) and Dan Sabia (built 2012), and the 123,000-dwt Hilda Knutsen and Torill Knutsen (both built 2013) are all being marketed for new charters in Brazil or the North Sea.
