Trygve Seglem's Knutsen OAS reveals record profit as contract backlog tops $20bn

Norway’s Knutsen OAS Shipping has posted another record profit in healthy gas and tanker markets.

Accounts reveal the Seglem family’s private shipping empire produced Ebitda of $832m in 2024, against $783m the year before.

Major Greek owner in pole position as oil major Repsol gears up for shuttle tanker newbuildings

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The fleet of shuttle tankers, LNG carriers and product and chemical tankers brought in revenue of $1.3bn,