Knutsen NYK Offshore Tankers (KNOT) has reported that it fell into the red in 2019.
But the leading shuttle tanker operator is optimistic for the market going forward.
“It is stable and good, and the contracts are renewed even in these turbulent times,” finance director Oystein Emberland told the Norwegian financial daily Finansavisen.
All the company’s tankers are employed in a firm market, and the company has had to hire additional tonnage to cover its contract commitments.
