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Stock Market & Financial Investment News

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June 13, 2014
05:32 EDTKNOP, BRGYYKNOT Offshore Partners announces new charter of Windsor Knutsen by BG Group
KNOT Offshore Partners (KNOP) announced an agreement with Brazil Shipping I Limited, an affiliate of BG Group (BRGYY), for the time charter of the vessel Windsor Knutsen. The hire rate for the initial term is in line with the rate in the existing charter with BG. The charter has an initial term of two years. BG has options to extend the term of the charter for three additional one-year periods. The charter will commence in or around the fourth quarter of 2015. If all three extension options are exercised, the Windsor Knutsen will operate for BG until the end of 2020. The shuttle tanker will operate in Brazil.
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