Norway’s national economic crime unit (Okokrim) has raided the local office of Bermuda-based shipping company Teekay Offshore this week on suspicion of illegally exporting waste from the shuttle tanker Navion Britannia, the agency informed. The company denies any wrongdoing.
Bahrain LNG recently announced that completed the mechanical construction and commissioning of its first LNG Terminal located in the Kingdom of Bahrain. For the records, the terminal was developed on a PPP basis.
In this video, ExxonMobil’s Marine Fuels Venture Manager, Luca Volta challenge Teekay Tankers to a game of French Boules to talk about the fast approaching IMO 2020 deadline. The company put together the “IMO 2020 team”, a transition team that focused on finding the ideal fuels to be able to keep up with the upcoming regulations.
Six ARC7 LNG carriers transporting gas from the Yamal LNG project, under a joint venture of Teekay LNG with China LNG, are no longer classified as a “Blocked Person” under US OFAC rules, according to an official statement by Bermudas-based Teekay Corporation.
Reuters reports that almost a third of the tankers owned by COSCO Shipping Tanker have shut off their AIS systems after the U.S. imposed sanctions on the company for reportedly shipping Iranian crude. In the first week of October, a total of 14 COSCO Dalian ships, including nine VLCCs, have shut off their ship-tracking transponders and have stopped sending location data from their automatic identification system.
A Novatek official reported to Reuters that Novatek, the Russian liquefied natural gas (LNG) producer is looking to tranship its Yamal cargoes in Norway or Russia’s Murmansk, as the company is still unsure of its shipping activities, following the US’s sanctions on the Chinese COSCO tankers.
Teekay LNG Partners, completed its Shell-chartered quartet with the delivery of the Pan Africa. LNG newbuilding, Pan Africa, is the fourth and final ‘Pan’ vessel joining the TGP fleet, alongside Pan Asia (2017) and Pan Americas (2018), and Pan Europe (2018).
Eduard Toll entered the open water in the Chukchi Sea and voyaging to the Chinese port of Jiangsu Rudong. Eduard Toll is the fourth of 15 Arc7 LNG carriers built for the Yamal LNG project and Teekay’s first of six LNG carrier newbuildings contracted to service the project.
Recently, a milestone was set for Arctic shipping. Namely, the tanker “Eduard Toll” became the first ever ship to sail through the Northern Sea Route during winter, without the help of an icebreaker. Teekay’s “Eduard Toll” started from South Korea in December 2017, heading to the Sabetta LNG terminal in Russia.
December 2017 was a very disappointing month for the tanker market. Namely, especially for mid-size tankers it was the worst December for spot rates since the early 1990s and for VLCCs it was the worst December since the 1980s. However, in the end of 2018 and start of 2019, the situation is expected to recover.
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