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KNOT to construct two LNG-fuelled shuttle tankers

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LNG Industry,

Knutsen NYK Offshore Tankers (KNOT) – an independent owner and operator of shuttle tankers – has announced that it has been awarded a contract to build two LNG-fuelled shuttle tankers.

The two new 124 000 DWT vessels will be constructed by Daewoo Shipbuilding & Marine Engineering Co. Ltd in South Korea, with delivery scheduled for mid-2022. Once complete, the vessels will operate in North Sea under time-charter contract for a maximum period of 10 years. KNOT claims these tankers will be able to reduce emissions of CO2 equivalents significantly compared to conventional oil-fuelled shuttle tankers by using LNG as the primary fuel. Furthermore, they will also utilise the energy recovered from volatile organic compounds. There will also be installed a battery package to save energy during DP operation.

Trygve Seglem, President and CEO of KNOT, said: “We are pleased to announce that KNOT and ENI extend their partnership in the North Sea with two new LNG shuttle tankers. ENI, through their ownership in Vår Energi has many interests in North Sea gas and oil fields and is thus one of the major players in the area. This contract is the third and fourth long-term time-charter shuttle-tanker contracts between ENI and KNOT Group. We are pleased that ENI has recognised KNOT capabilities and expertise in the shuttle tanker operation with the awarding of this new contracts.”

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