KNOT Offshore updates shuttle tanker acquisition plans

KNOT Offshore Partners LP updated its vessel acquisition schedule with respect to tankers that can be purchased from its sponsor, Knutsen NYK Offshore Tankers AS.

Rhea-AI Filing Summary

KNOT Offshore Partners LP updated its vessel acquisition schedule with respect to tankers that can be purchased from its sponsor, Knutsen NYK Offshore Tankers AS. Earlier in June, the sponsor offered KNOP the shuttle tankers Frida Knutsen, Sindre Knutsen and Hedda Knutsen under an existing omnibus agreement.

The Conflicts Committee of the Board, composed solely of directors unaffiliated with the sponsor, decided not to pursue negotiations for the Frida Knutsen and Sindre Knutsen because they operate in the North Sea without long-term fixed or guaranteed charters that fit KNOP’s business model. The sponsor is no longer obliged to offer these two vessels again unless either secures a fixed charter of at least five years. The Conflicts Committee is continuing negotiations with the sponsor regarding the Hedda Knutsen.

Key Terms

omnibus agreement, Conflicts Committee, shuttle tankers, long-term charters

4 terms

omnibus agreement financial

"pursuant to the omnibus agreement entered into between KNOP and Knutsen NYK"

An omnibus agreement is a single master contract that bundles multiple related services, transactions or parties under common terms so that one document governs many smaller arrangements. For investors, it matters because it centralizes legal responsibilities, record-keeping and fees—reducing administrative friction but also concentrating risk and control—much like consolidating several utility bills into one contract that makes payments easier but means a problem with the master account can affect everything.

Conflicts Committee regulatory

"The Conflicts Committee of our Board, which is comprised only of directors"

shuttle tankers financial

"purchasing the shuttle tankers Frida Knutsen, Sindre Knutsen and Hedda Knutsen"

Shuttle tankers are specialized ships that pick up crude oil from offshore production sites and carry it to onshore terminals or larger tankers, like a delivery truck that shuttles loads from a remote factory to a distribution center. They matter to investors because their income comes from long-term charter contracts and utilization depends on offshore oil production and transportation demand, so changes in drilling activity, oil prices, or regulation can affect revenue and asset value.

long-term charters financial

"owns, operates and acquires shuttle tankers primarily under long-term charters"

FAQ

What update did KNOT Offshore Partners (KNOP) provide on its vessel acquisitions?

KNOT Offshore Partners updated which shuttle tankers it may acquire from its sponsor. Its Conflicts Committee declined two North Sea vessels lacking sufficiently long fixed charters and is continuing negotiations only for the tanker Hedda Knutsen under the existing omnibus agreement.

Why did KNOP’s Conflicts Committee reject the Frida Knutsen and Sindre Knutsen?

The Conflicts Committee chose not to pursue the Frida Knutsen and Sindre Knutsen because they lack fixed or guaranteed charter contracts of sufficient duration. These North Sea vessels fall outside KNOP’s business model, which emphasizes shuttle tankers operating under longer-term charter commitments.

Under what conditions might KNOP reconsider the Frida Knutsen or Sindre Knutsen?

Knutsen NYK has no further obligation to offer these vessels unless a future charter meets specific terms. The tankers must each secure a charter with at least five years of fixed duration before they would again be required to be offered to KNOT Offshore Partners.

Which vessel is KNOP still negotiating to acquire from its sponsor?

KNOT Offshore Partners, through its Conflicts Committee, is continuing negotiations with Knutsen NYK regarding the shuttle tanker Hedda Knutsen. This vessel remains under active consideration, unlike the Frida Knutsen and Sindre Knutsen, which the Committee decided not to pursue currently.

What is KNOT Offshore Partners’ core business model?

KNOT Offshore Partners focuses on owning, operating and acquiring shuttle tankers primarily under long-term charters. Its operations center on offshore oil production regions in Brazil and the North Sea, emphasizing vessels with fixed or guaranteed charter contracts that provide stable, long-duration employment.

How is KNOT Offshore Partners structured for U.S. tax purposes?

KNOT Offshore Partners is organized as a publicly traded master limited partnership but treated as a corporation for U.S. federal income tax. As a result, it issues Form 1099 to its unitholders, rather than the Form K-1 often associated with traditional partnerships.

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Accepted by SEC EDGAR 06/10/2026 - 07:14 AM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 6-K

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REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of June 2026

Commission File Number: 001-35866

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KNOT Offshore Partners LP

(Translation of registrant’s name into English)

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2 Queen’s Cross,

Aberdeen, AB15 4YB

United Kingdom

(Address of principal executive office)

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Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ ​ Form 40-F ☐

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ITEM 1–INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Attached as Exhibit 99.1 is a copy of the press release of KNOT Offshore Partners LP dated June 10, 2026.

ITEM 2– EXHIBITS

The following exhibits are filed as a part of this report:

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Exhibit Number	​ ​ ​	Exhibit Description
99.1	​	Press release dated June 10, 2026.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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​	KNOT OFFSHORE PARTNERS LP
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Date: June 10, 2026	By:	/s/ Derek Lowe
​	​	Name: Derek Lowe
​	​	Title: Chief Executive Officer and Chief Financial Officer

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Exhibit 99.1

KNOT Offshore Partners LP Announces Update to Vessel Acquisition Schedule

● KNOP has been offered three shuttle tankers by Knutsen NYK

● Conflicts Committee has decided not to pursue Frida Knutsen and Sindre Knutsen

● Negotiations are under way regarding the Hedda Knutsen

June 10, 2026

ABERDEEN, Scotland --(BUSINESS WIRE)

KNOT Offshore Partners LP (NYSE:KNOP) (“KNOP”, “we” or ”us”) today provided an update to the schedule of vessels available for acquisition from our Sponsor, Knutsen NYK Offshore Tankers AS (“Knutsen NYK”).

Earlier in June, Knutsen NYK sought the interest of KNOP in purchasing the shuttle tankers Frida Knutsen, Sindre Knutsen and Hedda Knutsen, pursuant to the omnibus agreement entered into between KNOP and Knutsen NYK at the time of our initial public offering.

The Conflicts Committee of our Board, which is comprised only of directors who are not affiliated with Knutsen NYK, has decided not to pursue negotiations in respect of the Frida Knutsen and Sindre Knutsen. These vessels have been in operation in the North Sea since late 2022 and fall outside our business model as they do not have fixed or guaranteed charter contracts of sufficient duration.

As a result, Knutsen NYK has no further obligation to offer the Frida Knutsen or the Sindre Knutsen to KNOP unless in future either vessel secures a charter of at least 5 years of fixed duration.

The Conflicts Committee is engaging in negotiations with Knutsen NYK in respect of the Hedda Knutsen.

About KNOT Offshore Partners LP

KNOT Offshore Partners LP owns, operates and acquires shuttle tankers primarily under long-term charters in the offshore oil production regions of Brazil and the North Sea.

KNOT Offshore Partners LP is structured as a publicly traded master limited partnership but is classified as a corporation for U.S. federal income tax purposes, and thus issues a Form 1099 to its unitholders, rather than a Form K-1. KNOT Offshore Partners LP’s common units trade on the New York Stock Exchange under the symbol “KNOP”.

KNOT Offshore Partners LP ​

Derek Lowe Chief Executive Officer and Chief Financial Officer Email: ir@knotoffshorepartners.com

Tel: +44 1224 618 420

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Source: KNOT Offshore Partners LP

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EX-99.1 8.6 KB