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

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*+-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 […]

Teekay Sees Continued Strength in the Tanker Market

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*+-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 […]

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, […]

Life Aboard a Teekay Crude Oil Tanker

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*+-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 […]

Teekay LNG Carrier Stuck in the Mud Off Nigeria

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*+-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 […]

Australian Mariners Stage Sit-In Aboard Teekay Product Tanker

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*+-Viva Energy Australia, a joint venture between energy trader Vitol and Royal Dutch Shell says they will be handing the product tanker Tandara Spirit back to Teekay after it finishes its current time charter in January.  The ship is scheduled to sail from Melbourne to Singapore. The company says the Tandara Spirit with an all-Australian crew, has […]

Watch: Teekay’s Petrojarl Knarr Sailaway

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*+-Earlier this month, Teekay Corporation’s new floating production, storage and offloading unit, Petrojarl Knar, departed the Aibel Shipyard in Haugesund, Norway for the Knarr oil and gas field offshore where it is expected to commence a 10-year charter contract for BG Group in December 2014. With a production capacity of 63,000 barrels of oil per […]

Teekay Offshore to Acquire Half Dozen DP Anchor Handlers, Steps into Lawsuit

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*+-In Teekay Offshore’s 3rd quarter report released today, the company has announced their subsidiary ALP Maritime will be adding to its fleet six modern long-distance towing and anchor handling vessels for a total price of approximately $220 million. The vessels Orcus, Uranus, Janus, Ursus, Magnus and Taurus are currently owned by German shipowner Harms Bergung […]

Teekay’s Navion Norvegia to be Converted for Libra FPSO Project

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*+-By late 2016, Teekay Offshore’s shuttle tanker Navion Norvegia will he installed offshore Brazil after an extensive yard period at Jurong Shipyard in Singapore where she will be comverted to an FPSO. The vessel will be part of a 50/50 joint venture between Teekay Offshore and Brazil’s Odebrecht Oil & Gas and Teekay Offshore. Jurong […]

LNG Shipping to Stay Under Pressure as Supply Outpaces Demand

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*+-Teekay’s Research Project Manager, Nicholas Schneider notes that for the next year or so, the LNG shipping market globally will remain largely flat as new ships are delivered while existing new and existing LNG facilities try to meet their max output figures. This year, Schneider notes that only three new liquefaction projects will come on line, which […]