KNOT Offshore Partners has announced that it has completed the acquisition of the ownership interests in the company that owns and operates the shuttle tanker Tordis Knutsen for a purchase price of US$147m, less US$137.5m of outstanding indebtedness plus approximately US$21.1m for a receivable owed by Knutsen NYK to KNOT 24 and approximately US$0.8m for certain capitalised fees related to the financing of the vessel.

The 156,559dwt Tordis Knutsen was delivered by Hyundai Heavy Industries in November 2016. The vessel is operating in Brazil under a five-year time charter with a subsidiary of Royal Dutch Shell, which will expire in the first quarter of 2022. The charterer has options to extend the charter for two five-year periods.