KNOT Offshore Partners (KNOP) has posted record earnings in the first quarter as its fleet expanded.
The shuttle tanker owner said net profit was $30.72m, up from $11.42m a year ago.
Record revenue of $68m was also logged, compared to $45m in 2017.
On 1 March, it took delivery of the the 152,000-dwt Anna Knutsen (built 2017) from sponsor Knutsen NYK Offshore (KNOT), helping to boost revenue.
