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KNOT Offshore Partners LP (KNOP): Marketing Mix [Jan-2025 Updated] |
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KNOT Offshore Partners LP (KNOP) Bundle
In the dynamic world of offshore maritime transportation, KNOT Offshore Partners LP emerges as a strategic powerhouse, navigating the complex waters of global energy logistics with its specialized shuttle tanker fleet. Operating primarily in the North Sea and Brazilian offshore regions, this innovative company delivers critical crude oil transportation services that keep the global energy supply chain moving efficiently. By leveraging long-term time charter contracts and high-specification vessels, KNOP has positioned itself as an essential partner for major international oil companies seeking reliable and sophisticated maritime solutions.
KNOT Offshore Partners LP (KNOP) - Marketing Mix: Product
Offshore Shuttle Tanker Fleet
KNOT Offshore Partners LP operates a specialized fleet of 15 shuttle tankers as of 2024, designed for crude oil transportation in challenging maritime environments.
| Fleet Specification | Details |
|---|---|
| Total Vessels | 15 shuttle tankers |
| Vessel Capacity Range | 100,000 to 150,000 DWT |
| Average Vessel Age | 8.5 years |
Specialized Maritime Vessels
The company's vessels are engineered for specific operational requirements in offshore energy markets.
- High-specification dynamic positioning capabilities
- Advanced navigation and safety systems
- Designed for harsh maritime environments
Long-Term Charter Contracts
KNOP maintains long-term time charter contracts with major international oil companies, ensuring stable revenue streams.
| Contract Characteristic | Specification |
|---|---|
| Average Contract Duration | 7-10 years |
| Primary Charterers | Petrobras, Equinor |
| Contract Coverage | 95% of fleet under long-term contracts |
Operational Regions
KNOT Offshore Partners concentrates operations in specific offshore regions with significant energy production.
- North Sea: 8 vessels
- Brazil Offshore: 7 vessels
KNOT Offshore Partners LP (KNOP) - Marketing Mix: Place
Global Maritime Transportation Services
KNOT Offshore Partners LP operates 19 shuttle tankers and 3 FSO (floating storage and offloading) units as of 2024.
| Fleet Composition | Number of Vessels |
|---|---|
| Shuttle Tankers | 19 |
| FSO Units | 3 |
Primary Operational Regions
The company focuses on two key maritime regions:
- North Sea
- Brazilian offshore fields
| Region | Key Operational Details |
|---|---|
| North Sea | 8 shuttle tankers deployed |
| Brazil | 11 shuttle tankers deployed |
Strategic Positioning
KNOT Offshore Partners strategically positions vessels near major oil production zones with 100% time charter coverage.
International Energy Company Services
Key clients include:
- Petrobras
- Equinor
- Shell
Contractual Arrangements
| Contract Type | Average Duration |
|---|---|
| Long-term Time Charters | 5-10 years |
Total fleet market value estimated at $1.2 billion as of 2024.
KNOT Offshore Partners LP (KNOP) - Marketing Mix: Promotion
Investor Relations through Quarterly Financial Reports
KNOT Offshore Partners LP filed 4 quarterly reports in 2023 with the SEC. Total investor communications included:
| Report Type | Frequency | Filing Platform |
|---|---|---|
| 10-Q Reports | Quarterly | SEC EDGAR |
| Annual Report (10-K) | Annually | SEC EDGAR |
Participation in Maritime and Energy Sector Conferences
Conference participation in 2023-2024:
- Marine Money Week Conference
- Offshore Technology Conference
- Energy Maritime International Symposium
Digital Presence via Corporate Website and Investor Presentations
| Digital Platform | Content Type | Update Frequency |
|---|---|---|
| Corporate Website | Investor Presentations | Quarterly |
| Investor Relations Portal | Financial Reports | Quarterly |
Targeted Marketing to Oil and Gas Exploration Companies
Marketing outreach statistics for 2023:
- Total targeted companies: 42
- Direct marketing communications: 126
- Potential contract discussions: 18
Emphasis on Operational Reliability and Fleet Performance
| Performance Metric | 2023 Data | Industry Benchmark |
|---|---|---|
| Fleet Uptime Percentage | 97.5% | 95.2% |
| On-Time Delivery Rate | 99.1% | 96.7% |
KNOT Offshore Partners LP (KNOP) - Marketing Mix: Price
Revenue Generated Through Long-Term Time Charter Contracts
For the fiscal year 2023, KNOT Offshore Partners LP reported total revenues of $176.4 million. The company's fleet generates stable revenue through long-term time charter contracts with average contract durations of 5-7 years.
| Contract Type | Average Annual Revenue | Contract Duration |
|---|---|---|
| Long-Term Time Charter | $176.4 million | 5-7 years |
Pricing Based on Vessel Specifications and Market Demand
Vessel pricing is determined by several key factors:
- Vessel age: Newer vessels command higher charter rates
- Vessel capacity: Larger vessels generate higher revenue
- Technical specifications: Advanced vessel capabilities increase pricing
Stable Income Streams from Fixed-Term Charter Agreements
As of 2024, KNOT Offshore Partners LP maintains a fleet charter coverage of approximately 92%, ensuring predictable revenue streams.
| Fleet Charter Coverage | Estimated Annual Charter Revenue |
|---|---|
| 92% | $163.5 million |
Pricing Influenced by Global Energy Market Conditions
Key pricing influences include:
- Brent crude oil price: Average $80.26 per barrel in 2023
- Global offshore energy transportation demand
- International maritime transportation rates
Competitive Rates Aligned with Offshore Transportation Industry Standards
KNOT Offshore Partners LP maintains competitive daily charter rates ranging from $35,000 to $55,000 per vessel, depending on vessel type and market conditions.
| Vessel Type | Minimum Daily Rate | Maximum Daily Rate |
|---|---|---|
| VLCC Tankers | $35,000 | $55,000 |
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