Knot Offshore Partners (KNOP) has a healthy distribution coverage and a young fleet. A young fleet avoids many of the replacement problems and declining income challenges that accompanies aging assets. Mr. Market does not care about any of this. Therefore, the publicly traded units have been driven to bargain levels that were unimaginable just a year or so ago.
Source: Seeking Alpha Website May 19, 2019.
The issues driving the stock down are more fear-based than fundamentally sound. The trade talk between the United States and China has affected nearly all shipping companies