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Stock impact report

KNOT Offshore Partners LP Announces Extension of Charter of Torill Knutsen and Change to Board

KNOT Offshore Partners LP Common Units representing Limited Partner Interests (KNOP) 
Company Research Source: Business Wire
ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP) (the “Partnership” or “KNOT Offshore Partners”)Torill KnutsenThe Partnership announced today that Eni Trading and Shipping S.p.A. (“Eni”) exercised two of its one-year options to extend the time charter of the Torill Knutsen until November 2022. In connection with the early exercise by Eni of its options, the Partnership has granted Eni a further option to extend the time charter by one additional one-year period. Eni now has the option to extend the time charter by two one-year periods until November 2024.Gary Chapman, CEO, said “This early declaration and agreement with Eni further strengthens the Partnership’s contracted revenue streams and validates our belief that our vessels remain an essential part of our customers’ supply chains, even in these volatile times. While other vessel charters will naturally come up for renewal in the coming years, we believe that our strategy, our industry-leading positio Show less Read more
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