KNOT Offshore Partners LP Declares Quarterly Cash Distribution Quarter Ended June 30, 2022, Payable on August 11, 2022
July 15, 2022 at 02:00 am IST
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KNOT Offshore Partners LP announced that its Board of Directors has declared quarterly cash distribution with respect to the quarter ended June 30, 2022, of $0.52 per unit. This cash distribution will be paid on August 11, 2022 to all unit holders of record as of the close of business on July 28, 2022.
KNOT Offshore Partners LP is a United Kingdom-based company that owns, operates and acquires shuttle tankers primarily under long-term charters in the offshore oil production regions of Brazil and the North Sea. The Company's fleet consists of approximately 18 shuttle tankers, which vessels are designed to transport crude oil and condensates from offshore oil field installations to onshore terminals and refineries. Its shuttle tankers are equipped with sophisticated loading and dynamic positioning systems that allow the vessels to load cargo safely from oil field installations, in harsh weather conditions and where there are strong currents. The Company's vessels include Tove Knutsen, Synnove Knutsen, Lena Knutsen, Vigdis Knutsen, Anna Knutsen, Tordis Knutsen, Raquel Knutsen, Carmen Knutsen, Brasil Knutsen, Hilda Knutsen, Torill Knutsen, Ingrid Knutsen, Dan Sabia, Bodil Knutsen, Fortaleza Knutsen, Recife Knutsen, Dan Cisne and Windsor Knutsen.