Knutsen NYK Offshore Tankers (KNOT) has agreed to dropdown a newbuild suezmax shuttle tanker to its US-listed master limited partnership KNOT Offshore Partners (KNOP).

The tanker involved is the 153,000-dwt Tove Knutsen (built 2020) which was built by Hyundai Heavy Industries and delivered in September 2020.

KNOP has agreed to pay $117.8m