Rendering via Logitel
Adding to the two other newbuilds currently under construction, Teekay Offshore Partners LP has exercised the first of six options to build an additional Floating Accommodation Unit (FAU) based on the Sevan design at the Cosco Shipyard, Nantong, for delivery in Q3 2016.
CEO Carl Lieungh comments “Sevan’s cylindrical hull design is perceived to have several competitive advantages relative to competitors such as; lower cost, higher deck load capacity, better stability and more storage space. Teekay’s exercise of the first FAU option will also have a positive effect on our earnings.”
Teekay Offshore Partners is a publicly traded Master Limited Partnership (MLP) foucsed on providing offshore services to the deepwater regions of the North Sea and Brazil. The company owns interests in 34 shuttle tankers (including two chartered-in vessels), five floating production, storage and offloading (FPSO) units, six floating storage and offtake (FSO) units (including one committed FSO conversion unit), one HiLoad Dynamic Positioning (DP) unit, four long-haul towing and anchor handling vessel newbuildings, three floating accommodation unit newbuildings and four conventional oil tankers.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 105,962 members that receive our newsletter.
Have a news tip? Let us know.
April 19 (Reuters) – A New York state agency on Friday said it had failed to reach final contract agreements with the developers of three major offshore wind projects, blaming a decision by General...
(Bloomberg) — The closure of one of the East Coast’s busiest ports after the collapse of Baltimore’s Francis Scott Key Bridge has so far not led to broad price increases,...
(Bloomberg) — An Iranian ship that’s been linked to Houthi attacks in the Red Sea is returning home, removing a prominent asset in the area as the Islamic Republic braces...
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 105,962 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
