About Knutsen Group

Knutsen Group is a fully integrated shipping company. The headquarter is in Haugesund, Norway.

  • Knutsen NYK Offshore Tankers (Shuttle Tankers and Floating Storage and Offloading Tankers)
  • KNOT Offshore Partners, KNOP (MLP listed company on NYSE)
  • Knutsen LNG (Liquefied Natural Gas Carriers)
  • Knutsen OAS Shipping (Product Tankers and ship management)
  • Knutsen Technology (marine shipping technology development)

We provide full in-house shipping management including technical and commercial operation, chartering, as well as building supervision, conversion and project development.

Knutsen is the 2nd largest shuttle tanker operator in the world, and a major operator of LNG carriers. Our objective is to maintain a fleet of high quality- and technically advanced vessels. Every vessel we own and operate is of a high technical standard. Knutsen Group has a strong focus on health, safety, security, environment and quality throughout the Group’s entire range of activities. This is fundamental in our business.

The company’s strong focus on technology development has resulted in its own proprietary technology for VOC (Volatile Organic Compounds) reduction during tanker loading, Knutsen KVOC® Technology. Knutsen has also developed new technology for ballast water treatment, KBAL® system.

Knutsen is world leading as technology developer and provider within marine transportation of compressed natural gas with its proprietary Knutsen PNG® Technology. This technology is in particular applicable for handling offshore loading and transport of lean- and rich natural gas and gas volumes from extended well testing.

Knutsen has developed its own concepts for Floating Production Storage and Offloading (“FPSO”) vessels and Liquid Natural Gas (“LNG”) vessels, arctic LNG carriers, LNG shuttle tankers, special dynamic positioning vessels for well stimulation and chemicals injection (Enhanced Oil Recovery), extended well testing, and plug and abandonment.

Business & operations

The Knutsen fleet development is based on managing projects from design to operation.

Knutsen is undertaking the commercial and technical management of all shuttle tankers, FSO’s, LNG carriers and the Product/Chemical tankers. Knutsen has also crewing, administrative support functions and newbuilding supervision.

We aim to contract with first class charterers such as the oil majors and major energy companies which set the highest requirements to safety and reliability standards. Our main customers are Shell, Repsol, Naturgy, Equinor, Total, Exxon, ENI, MAERSK oil & gas, Petrobras/ Transpetro and Enel among others.

The Knutsen group has a very dedicated workforce on land and at sea which is committed to safe and reliable services to our customers. Our human resources are a critical success factor for the company’s development, and continuous development of the workforce with focus on HSSE&QA is of high priority within Knutsen Group.

 

Over the years Knutsen has been awarded;

  • Halert C. Shepheard Award by the Chamber of Shipping of America at the CMA Shipping 2010
  • E &Y entrepreneur of the year 2008
  • Outstanding employer of Pilipino seafarer 2005
  • ONS innovation nominations for PNG and KVOC 2003

 

Knutsen OAS Shipping and Knutsen NYK Offshore Tankers have the following certificates:

DNVGL

  • ISO 9001:2015
  • ISO 14001:2015
  • OHSAS 18001 : 2007
  • ISM & ISPS Code
  • MLC 20016

Achilles

  • JQS -Joint Qualification System for suppliers to the Oil Industry in Norway and Denmark
  • FPAL – Qualification System for suppliers to the Oil Industry in Western Europe

EPIM

  • JQS – qualification of suppliers to the Operators on the Norwegian Continental Shelf (NCS)

Organisation & location

The Knutsen group is in general organized with Single Purpose Ship-owning Companies. To ensure safe- and effective operation of the vessels, Management and Operation are organized through Knutsen OAS Management and KNOT Management.

Trygve Seglem controls the Knutsen group through TS Shipping Invest AS. The shuttle tanker fleet (KNOT) is controlled 50/50 by Trygve Seglem through TS Shipping Invest and NYK (Nippon Yusen Kaisha). The LNG fleet is controlled by Seglem through TS Shipping Invest AS and various investors such as NYK and Klaveness Marine. The product tankers is owned and controlled by Trygve Seglem through TS Shipping Invest.

The main office is located in Haugesund, Norway. However, due to worldwide operation, Knutsen has established offices and branch offices around the world. With particular relevance for the LNG business and the commercial operation and crewing of LNG vessels, a separate company is established within Spain; Knutsen OAS España, S.A. The office is located in Madrid.

A crewing company has been established in Manila, Knutsen Philippines Inc, with the sole purpose of providing Knutsen Group with Filipino officers and ratings and other supporting services.

For the shuttle tanker operations in Brazil, KNOT has a branch office in Rio de Janeiro, KNOT Management do Brasil.

With particular relevance for the Danish flag registered shuttle tankers, an office is established in Copenhagen, Denmark, KNOT Management Denmark AS.

The Knutsen Group has in addition other offices in Aberdeen, Scotland, Knutsen OAS(UK) Ltd. An office in Riga Latvia, SIA Knutsen Eastern Europe, a joint venture in Newfoundland Canada with J.J. Ugland, Canship Ugland Ltd. and in Ghana Knutsen Shuttle Tankers Ghana Ltd.

Strategy

Knutsen vision is to be the world’s leading provider of shipping services based on customer satisfaction. It is our aim to create value for our customer, owners and shareholders through safe and effective operations and profitable growth.

Our strategy is to operate advanced vessels with a strong safety commitment on long term contracts with first class charterers.

We offer our customers a full range of contractual flexibility, to establish close relationship with our charterers, provision of environmentally friendly ships with high quality and stringent ship management. And last but not least, continue to be a frontrunner in technical innovations.

Values

Our values are essential for us to succeed over time in a competitive environment. Our values are at the core of our management system. They drive our performance. They guide us in how we do business and how we work together and towards stakeholders.
We shall all be committed to our values, in words and in action. Together we will take Knutsen Group to the next level and into a sustainable future.

Our three main values:

Credibility

– Will show Knutsen Group’s integrity on all levels through responsible and solution minded employees and operations.

Innovation

– Will characterize Knutsen Group’s innovation and passion for sustainable solutions.

Care

– Will characterize Knutsen Group’s relation, behaviour and commitment to safety for employees, customers, assets and the environment.

History

The Knutsen Shipping Group – more than 120 years of proud history.

1896

Mr. Knut Knutsen O.A.S. (Ole Andreas’ Son) established his own shipping company in Haugesund, Norway. The company developed into being the third largest tanker owner in Norway in the 1930’s and kept its strong position up to the 1970’s.

1980’s

After the shipping crisis in the late 1970’s and in the beginning of the 1980’s, the company was restructured, and Knutsen OAS Shipping AS was established in 1984 by Bergen Bank, the Knutsen family and Mr. Jens Ulltveit-Moe. Shortly after the company being established, Mr. Trygve Seglem was appointed Technical Director, became part owner, and was instrumental in the first shuttle tanker contracts. The Knutsen family and Bergen Bank subsequently sold their shares, and Mr. Ulltveit-Moe and Mr. Seglem became joint owners.

The first two Suezmax shuttle tankers with dynamic positioning systems were delivered in 1987.

1990’s

The Knutsen Group has since the early 1990’s been known for being in the forefront of maritime technological developments – particularly in the shuttle tanker segment along with our conservative strategy of advanced vessels on long term charters to first class charterers. Our customer base has and still is mainly the oil and energy companies.

The Knutsen group was the first to use the flexible coupling for bow loading operations in the North Sea and contributed with the development of the submerged turret loading system. The group became the first to use this system for direct shuttle tanker loading in 1994. Knutsen was also the first operator of a VOC recovery unit on a shuttle tanker.

During the 1990’s the Knutsen fleet grew to 10 shuttle tankers and 7 product and chemical tankers of which 8 vessels with ice class 1A. A new niche in shuttle tanker operations with 35 000 M3 vessels was also introduced to serve smaller oil fields in the North Sea. Knutsen was at that time already one of the leading shuttle tanker operators worldwide.

2000’s

In 2000 one of the large shuttle tankers, Jorunn Knutsen, was converted to a FSO directly after delivery from new building yard at Sestao Shipyard in Spain. Jorunn Knutsen was connected to the Åsgard C field as a floating storage and offloading unit the same year.

In year 2001, the first two LNG contracts were awarded, and by 2011 the LNG fleet comprised of four 138 000 M3 and four 173 400 M3 LNG carriers as well as the world’s smallest coastal LNG carrier: 1100 M3. The four 173.400 M3 TFDE LNG carriers were delivered in 2010.

By 2010 the total fleet had increased to 46 vessels in operation of which 22 shuttle tankers,15 product/chemical tankers and 9 LNG carriers.

2010’s

By 2010 Trygve Seglem was the sole owner of the Knutsen shuttle tanker fleet.

In December 2010 Knutsen joined forces with NYK (Nippon Yusen Kaisha) and established a new company, Knutsen NYK Offshore Tankers AS (KNOT), which at the time included 20 vessels in operation and 3 vessels under construction.

In 2013, Knutsen NYK Offshore Tankers (KNOT) established the limited partnership KNOT Offshore Partners LP (KNOP), with 4 shuttle tankers. The very same year, KNOP went public at NYSE (New York Stock Exchange).

At the end of 2018 KNOT has 15 shuttle tankers including 2 FSOs in operation and 3 vessels under construction. The stock-listed KNOP has in addition a fleet of 16 advanced shuttle tankers with a market capitalization of 600 million USD and an enterprise value of 2,2 billion USD.

The LNG fleet has grown to 11 vessels in operation and 4 vessels under construction and we operate 4 product/chemical tankers.

At the end of 2018 the total Knutsen fleet consists of 46 vessels in operation and 7 vessels under construction with a total insurance value of 5,6 billion USD and a total firm forward time charter contract book of 6,1 billion USD.