Teekay’s Icebreaking LNG Carriers No Longer Considered ‘Blocked’ Under U.S. Sanctions

The joint venture operating icebreaking LNG carriers for Yamal LNG have been exempted from U.S. sanctions against COSCO tanker units, Russian natural gas producer Novatek said Tuesday. Novatek, which operates Yamal LNG plant in northern Russia, announced it has received notification from TC LNG Shipping, the joint venture owning the Arc7 ice-class tankers, that the JV is no … [Read more...]

U.S. Sanctions on COSCO Hit Teekay’s Yamal LNG Fleet

By Sabina Zawadzki LONDON, Sept 30 (Reuters) - U.S. sanctions on two units of Chinese shipper COSCO hit the liquefied natural gas (LNG) tanker industry on Monday as U.S.-listed Teekay LNG said its shipping joint venture in Russia had been "blocked" because of its ties to COSCO. The United States imposed sanctions on COSCO Shipping Tanker (Dalian) Co and subsidiary COSCO … [Read more...]

Arctic Ocean Ice Near Record Low for Winter, Boost for Shipping

By Alister Doyle and Timothy Gardner OSLO/WASHINGTON, March 23 (Reuters) - Winter sea ice on the Arctic Ocean covered the second smallest area on record this year, part of a thaw that is opening the region to shipping and oil exploration and may be disrupting weather far to the south, scientists said on Friday. The extent of floating ice likely reached an annual maximum … [Read more...]

Timelapse Video: Icebreaking LNG Carrier ‘Eduard Toll’ Transits the Northern Sea Route

Shortly after its official delivery last month, Teekay's new icebreaking LNG carrier Eduard Toll made its way to complete both its first loading at the Sabetta Terminal in the Russian Arctic and its first discharge in Montoir, France after sailing across the Northern Sea Route unescorted.  The voyage marked the latest major milestone for shipping in the Arctic … [Read more...]

Photos: Teekay’s New Icebreaking LNG Carrier ‘Eduard Toll’ Makes Historic Northern Sea Route Passage

Bermuda-based shipping company Teekay has taken delivery of the icebreaking LNG carrier Eduard Toll, which has now completed its first unescorted trip across the Northern Sea Route. Eduard Toll is the fourth of 15 Arc7 LNG carriers being built for Russia's $27 billion Yamal LNG project and Teekay’s first of six LNG newbuildings contracted to service the project. Over … [Read more...]