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Knot Offshore Partners Lp

KNOT Offshore Partners LP (KNOP) is a master limited partnership (MLP) that owns and operates shuttle tankers in the North Sea and West Africa. The company's shuttle tankers are used by international oil companies to transport crude oil from offshore oil fields to onshore terminals and refineries.

KNOT Offshore Partners LP is a public company listed on the New York Stock Exchange (NYSE) under the ticker symbol "KNOP." The company is headquartered in Aberdeen, Scotland, and itsGeneral Partner, KNOT Shuttle Tankers GP LLC, is based in Houston, Texas.

As a master limited partnership, KNOT Offshore Partners LP is required to distribute a significant portion of its cash flows to its unitholders. The company has a strong track record of consistent distributions, having increased its quarterly cash distribution for 19 consecutive quarters as of December 31, 2021.

KNOT Offshore Partners LP's fleet consists of 16 modern shuttle tankers, with an average age of approximately 6.5 years. The company's shuttle tankers have a strong reputation for safety, reliability, and efficiency, and are well-suited to the demanding operating conditions in the North Sea and West Africa.

KNOT Offshore Partners LP's common units began trading on the NYSE on August 1, 2013. The company has a market capitalization of approximately $465 million as of March 2023.

Investing in KNOT Offshore Partners LP involves risks, as with any investment, including the potential loss of principal. Potential investors should carefully consider the company's financial and operating performance, as well as the broader market conditions, before making an investment decision.