Teekay Books Newbuilds After Signing Long-Term Contract to Ship U.S. LNG

Photo: Teekay Corporation

  Teekay LNG Parters, the LNG shipping unit of Bermuda-based Teekay Corporation, has placed an order for two fuel-efficient LNG carriers after booking up to two time-charter contracts with BP Shipping Limited for use of the vessels. The order was placed at Hyundai Samho Heavy Industries Co., Ltd. of South Korea and calls for the construction of two 174,000 cubic … [Read more...]

22,000 Tug Operations in Port Hedland Last Year, and Growing

mark thomas teekay

Mark Thomas, Director Towage & Marine Services at Teekay Shipping in Australia oversees the tug operations in Port Hedland, Australia, which is the world's busiest port by volume of cargo handling millions of tons of iron ore and thousands of bulk carriers every year. Since 2002 when Teekay took over management of BHP Billiton's marine operations, Thomas has been … [Read more...]

Teekay Sees Continued Strength in the Tanker Market

christian waldegrave

Christian Waldegrave, Teekay's Manager of Research believes the tanker market, at least in the short term, looks to stay strong due to low oil prices and the high margins that refiners are seeing at the moment. As refineries in Europe and Asia begin to come offline in April and May due to maintenance, respectively, the tanker market will be sustained as additional crude … [Read more...]

Teekay’s First ‘Unit for Maintenance and Safety’ Vessel En Route to Brazil

Arendal Spirit. Photo: Teekay

Arendal Spirit, the first of Teekay's so-called 'Unit for Safety and Maintenance' (UMS) accommodation vessels, is en route to Brazil aboard a COSCO heavy lift vessel. Arendal Spirit features 500 beds in 248 cabins with en-suite bathrooms, windows, television, internet and telephone connections, lounge areas, a coffee shop, television and game room, fitness room, dining room, … [Read more...]

Life Aboard a Teekay Crude Oil Tanker

european spirit tanker teekay

Based in Vancouver, Canada, Teekay Corporation (NYSE:TK) owns and operates one of the world's largest fleets of oil tankers, gas carriers, offshore vessels and floating facilities which collectively, play a vital role in support of the global energy infrastructure. Most of the time, these amazing vessels quietly go about their business plying the world's oceans out of sight … [Read more...]

Teekay’s Petrojarl Knarr FPSO Hit by ‘Small Fire’

Teekay's Petrojarl Knarr FPSO, which is on charter to BG Group. Photo: BG Group

Teekay's Petrojarl Knarr FPSO has been hit by a small fire less than a week after producing its first oil from the Knarr field in the North Sea offshore Norway. The Floating Production Storage and Offloading (FPSO) unit is chartered by BG Group from Teekay Corporation (NYSE: TK) for an initial period of 6 years, with extension options. BG Group confirmed the incident … [Read more...]

Teekay LNG Carrier Stuck in the Mud Off Nigeria

teekay hispania spirit lng carrier

On January 5, Teekay spokesperson Jonathan Anthony confirms in an emailed statement, their fully-loaded 165,600 m3 LNG carrier Magellan Spirit "grounded in soft mud while under pilotage exiting the Bonny Island LNG terminal in Nigeria." The vessel is still in situ with tugs on station to assist. The crew and cargo are safe, according to Teekay Our emergency response team is … [Read more...]