KNOT Offshore is an interesting MLP operating in a profitable niche of the shipping market.
The Partnership results have been robust during the past years, but units are slightly undervalued.
KNOP offers investors a well-covered 11% distribution, although with limited growth prospects.
KNOT Offshore Partners (KNOP) is an MLP listed since 2013 operating vessels focusing on the shuttle tanker segment. These ships are designed to transport oil from offshore oil fields to onshore