Norwegian shipping company Knutsen NYK Offshore Tankers AS held a naming ceremony for a new shuttle tanker on November 12.

The shuttle tanker, being built at Cosco Zhoushan Shipyard, was christened Raquel Knutsen, NYK, which owns a 50% share in Knot, said in a release.

Raquel Knutsen will be delivered to Repsol Sinopec Brasil S.A and will be chartered for a maximum 15-year period for transportation of crude oil located off Brazil.

The ship is a 152,000 DWT Suezmax shuttle tanker equipped with a class 2 dynamic positioning system and a bow-loading system.

After the delivery, the KNOT Group will have 29 shuttle tankers in operation and on order, and the group’s offshore business will expand with a focus on crude-oil transport from the North Sea and the waters off Brazil, NYK added.