DP2 Suezmax

[Infographic] How World Seaborne Oil Relies on Key Chokepoints

A massive container ship remains wedged in the Suez Canal for a third straight day, blocking one of the world’s most important trade arteries. Niall McCarthy reports more on how global seaborne oil depends on major chokepoints.

Suez Canal, the vulnerable chokepoints

The Suez Canal is one of several vulnerable oil chokepoints scattered around the world. The number of barrels passing through it varies by day but a Lloyd’s List Intelligence analysis published by The Financial Times found that the...

https://mfame.guru/infographic-how-world-seaborne-oil-relies-on-key-chokepoints/

KNOT Offshore Partners LP Announces Acquisition of Tove Knutsen

KNOT Offshore Partners LP announced today that its wholly owned subsidiary, KNOT Shuttle Tankers AS, has agreed to acquire KNOT Shuttle Tankers 34 AS, the company that owns the shuttle tanker, Tove Knutsen, from Knutsen NYK Offshore Tankers AS (“KNOT”).

About The Acquisition

The purchase price of the Acquisition is $117.8 million, less $93.1 million of outstanding indebtedness and will be financed on a non-dilutive basis using cash on hand and borrowings under KNOP’s existing revolving credit...

https://mfame.guru/knot-offshore-partners-lp-announces-acquisition-of-tove-knutsen/