KNOT Offshore Partners LP Common Units representing Limited Partner Interests (KNOP)

Competitors to KNOT Offshore Partners LP Common Units representing Limited Partner Interests (KNOP)

Dynagas LNG Partners LP 

Dynagas LNG Partners operates within the transportation segment of the LNG and natural gas sectors, contrasting KNOT Offshore Partners' focus on offshore oil services. Though they cater to different commodities, both companies are involved in the maritime transport sector and compete for investor interest and capital. Dynagas' specialized approach in LNG transportation and their fleet of ice-class vessels provide them with a unique competitive advantage in their niche, allowing them to secure lucrative long-term charters in a growing market.

Golar LNG Limited 

Golar LNG operates in the LNG transportation and floating LNG production sectors, presenting a distinct yet competitive landscape to KNOT Offshore Partners. Although both are involved in the maritime industry, the competition arises through investor perception and market valuations within the broader energy transition narrative. Golar's involvement in LNG production and rapidly emerging markets gives it a significant competitive advantage amid rising global LNG demand, distancing it from the traditional offshore oil services KNOT focuses on.

Nordic American Offshore Ltd.

Nordic American Offshore mainly provides platform supply vessels and specialty vessels but competes indirectly with KNOT Offshore Partners by targeting similar customers in the offshore energy market. While KNOT is focused on shuttle tankers, Nordic American's operations in broader offshore support services create overlapping areas. However, Nordic's smaller fleet and market focus on supply rather than transportation give KNOT a stronger positioning within the more specialized shuttle tanker segment.

Teekay Offshore Partners L.P.

Teekay Offshore Partners competes closely with KNOT Offshore Partners by providing a similar range of offshore support services, including shuttle tankers and floating production storage and offloading units. Both companies focus on providing transportation and storage solutions for oil and gas operations, which means they vie for the same contracts and customers in the offshore energy sector. Teekay's larger fleet size and established partnerships may offer them a competitive edge in securing long-term contracts, thereby increasing their revenue stability.