KNOT Offshore Partners LP (KNOT Offshore Partners LP) Average Age of Fleet in Years : 0.00 (As of . 20)

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What is KNOT Offshore Partners LP Average Age of Fleet in Years?

Average Age of Fleet in Years indicates the average age of fleet of this coompany. Companies with a higher average age of fleet may need to spend more on buying new ships, which reduces cash position in the future. Usually it reflects that the company has financial problems and failed to buy new fleets. Under rare situations it reflects good maintenance for existing fleets and extending their life.

The historical rank and industry rank for KNOT Offshore Partners LP's Average Age of Fleet in Years or its related term are showing as below:

KNOP's Average Age of Fleet in Years is not ranked ^*
in the Transportation industry.
Industry Median:
* Ranked among companies with meaningful Average Age of Fleet in Years only.

KNOT Offshore Partners LP Average Age of Fleet in Years Historical Data

The historical data trend for KNOT Offshore Partners LP's Average Age of Fleet in Years can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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KNOT Offshore Partners LP Average Age of Fleet in Years Chart

KNOT Offshore Partners LP Annual Data

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Average Age of Fleet in Years

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Competitive Comparison of KNOT Offshore Partners LP's Average Age of Fleet in Years

For the Marine Shipping subindustry, KNOT Offshore Partners LP's Average Age of Fleet in Years, along with its competitors' market caps and Average Age of Fleet in Years data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

KNOT Offshore Partners LP (NYSE:KNOP) Average Age of Fleet in Years Explanation

Companies with a higher average age of fleet may need to spend more on buying new ships, which reduces cash position in the future. Usually it reflects that the company has financial problems and failed to buy new fleets. Under rare situations it reflects good maintenance for existing fleets and extending their life. Companies with a lower average age of fleet may also have a higher depreciation.

According to the data from statista.com, as of 2020, the average age of all ships in the world merchant fleet was just over 20 years. General cargo ships were the oldest type of vessels with an average age of around 26 years; likewise, over 65 percent of the world's cargo ships were older than 14 years, in contrast with over 18 percent of bulk carriers.

KNOT Offshore Partners LP Average Age of Fleet in Years Related Terms

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KNOT Offshore Partners LP (KNOT Offshore Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » KNOT Offshore Partners LP (NYSE:KNOP) » Definitions » Average Age of Fleet in Years

Comparable Companies

Traded in Other Exchanges

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Address

2 Queens Cross, Aberdeenshire, Aberdeen, GBR, AB15 4YB

Website

https://www.knotoffshorepartners.com

KNOT Offshore Partners LP owns, operates, and shuttles tankers under long-term charters in the North Sea and Brazil. The company provides crude oil loading, transportation, and storage services under time charters and bareboat charters. The Partnership is formed for acquiring ownership interests in over four shuttle tankers owned by Knutsen NYK Offshore Tankers AS (KNOT). It operates through the shuttle tanker market segment.