Knutsen NYK Offshore Tankers (KNOT) has secured a long-term charter for one of its two suezmax shuttle tankers on order at Cosco Shipping Heavy Industry in China.

Market sources said the deal was concluded with French oil major Total for the first ship, which is set for delivery in January 2021.

Details unclear

The terms of the charter are unclear, although Total has an option to extend it for up to 10 years.