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Teekay Offshore orders two more LNG-fueled shuttle tankers

Teekay Offshore Partners announced that it has declared options with Samsung Heavy Industries for the construction of two, Suezmax-sized, DP2 shuttle tanker newbuildings for a total fully-built-up cost of approximately $265 million.

Teekay: LNG exports increased in last month

In its monthly gas update for November, Teekay Corporation informs that LNG exports seem to have increased strongly, vessel charter rates are up for the rest of the year, and 2018 looks promising, which is attributed to the increase in LNG exports in second half of 2017.

Teekay: An upside is anticipated for tanker rates

While the third quarter of 2017 has seen the weakest rates since 2011 – 2013, the film informs that an upside is anticipated in over the winter season and into the next year, according to Teekay Corporation’s Marine Market Update for October.

Teekay’s LNG newbuild completes gas trials

Teekay LNG Partners announced that its first icebreaker LNG 172,000 cubic meter ARC7 newbuilding, ‘Eduard Toll’, which was launched on January 21, recently completed its gas trials. 

Construction to start for Teekay’s first LNG terminal in Bahrain

Bahrain LNG, a joint venture of Teekay LNG Partners with National Oil & Gas Authority of Bahrain, Gulf Investment Corporation and Samsung Construction and Trading, has been contracted to deliver a LNG import terminal in Bahrain to NOGA, with a Commercial Start Date in 2019 for 20 years.

Looking into a LNG vessel dry-docking

Teekay Corporation released a video depicting the makeover of a giant LNG carrier during dry-docking. The full range of works included cleaning, blasting, painting, anchor replacement, shaft inspection, propeller cleaning and testing, etc.

Teekay delivers training courses in Glasgow

This video exposes Teekay’s maritime training services in its Glasgow Training center where for the last two years, it has hosted more than 500 “students” – from cadets to experienced Masters and Chief Engineers. Teekay operates navigation and cargo management simulators with the aim to improve and maintain crew skills.

New merger in the tanker sector

Tanker Investments (TIL) has confirmed its merger with Teekay Tankers, creating the ‘world’s largest’ publicly-traded mid-sized conventional tanker company with combined total assets of $2.4 billion, operating 62 ships.