A senior executive from Dubai’s Telford Offshore has been named the new chief executive of shuttle tanker operator KNOT Offshore, the Aberdeen-based company announced.

Derek Lowe will take over as CEO and chief financial officer of New York-listed KNOT next month when incumbent Gary Chapman leaves the company. Chapman is taking over as chief financial officer of LPG carrier specialist Navigator Holdings

Lowe has been group company secretary of Telford Offshore, a provider of offshore accommodation and construction services, since 2018.