Italian oil and fuel main Eni has prolonged the constitution for KNOT Offshore Partners’ shuttle tanker Torill Knutsen.

Torill Knutsen shuttle tanker; Source: KNOT

KNOT mentioned on Monday that Eni’s subsidiary, Eni Trading and Shipping, exercised two of its one-year choices to increase the time constitution of the 2013-built aframax shuttle tanker Torill Knutsen till November 2022.

Due to the early train of the choices, the corporate granted Eni
an extra possibility to increase the time constitution by one further one-year interval.

Eni now has the choice to increase the time constitution by two one-year
intervals till November 2024.

Gary Chapman, CEO of KNOT Offshore Partners, mentioned: “This early declaration and settlement with Eni additional strengthens the partnership’s contracted income streams and validates our perception that our vessels stay a vital a part of our prospects’ provide chains, even in these unstable instances“.

KNOT Offshore purchased the Torill Knutsen tanker again in 2014.

Board adjustments

The firm additionally mentioned that Junya Omoto would substitute Takuji Banno on the KNOT Offshore Partners’ board of administrators, efficient 1 April 2020.

Omoto served because the offshore enterprise group basic supervisor for
Nippon Yusen Kabushiki Kaisha (NYK) since 1 April 2020 and was beforehand the deputy
basic supervisor of NYK’s offshore enterprise group.

He joined NYK in 1993 and till 2006 he served within the Container
and Logistics divisions in Japan and Hong Kong. In 2007, Omoto joined the
Petroleum group and from 2010 he acted as supervisor of the LNG Group.

The publish Eni extends constitution for KNOT Offshore’s shuttle tanker appeared first on Offshore Energy.

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