Wednesday, April 23, 2014
stx offshore lng carrier sovcomflot gazprom
Maritime News

Yamal LNG to Order 16 New Gas Carriers – Report

MOSCOW, April 23 (Reuters) – The Yamal LNG project in Russia’s Arctic has chosen Russian Sovcomflot, Japan’s Mitsui OSK and Canada’s Teekay LNG to build gas carriers worth $5 billion,...

April 23, 2014
Total Views: 2

Friday, March 14, 2014
kyeema spirit teekay

Tanker Investments Ltd Expands Share Offering After Strong IPO

OSLO, March 14 (Reuters) – The initial public offering (IPO) for Tanker Investments Ltd in Oslo is oversubscribed and will be expanded to $150-175 million from $100 million, and the...

March 14, 2014
Total Views: 1

Friday, February 21, 2014
ulstein sx-157 anchor handling tug ahts

Teekay Enters Offshore Installation Business, Orders New Ships

Teekay Offshore Partners L.P. (NYSE:TOO) announced today that it will be entering the l0ng-haul ocean towage and offshore installation business with the acquisition of Netherlands-based ALP Maritime Services B.V. “The strong fundamentals...

February 21, 2014
Total Views: 55

Tuesday, February 4, 2014
Sevan marine flng transfer hiload
Maritime News

Sevan Marine Acquires Technology Which Could Solve High Seas LNG Transfer Problem

About 10 years ago, a concept was developed by a group of Scandinavian engineers that provided a highly simplified cargo transfer solution for conventional oil tankers and LNG carriers. The...

February 4, 2014
Total Views: 9

Tuesday, January 21, 2014
teekay kareela spirit aframax tanker
Maritime News

Peeling the Risk Onion Back: Teekay’s New Tanker Investment Company

Earlier today, January 21st, 2014, Teekay Tankers Ltd. (NYSE:TNK) and Teekay Corporation (NYSE:TK) announced the creation of Tanker Investments Ltd. (TIL) with the intent ‘to opportunistically acquire, operate and sell modern secondhand tankers to...

January 21, 2014
Total Views: 12

teekay kareela spirit aframax tanker
Maritime News

Teekay Splits Off New Tanker Investment Company

As a play on the cyclical, secondhand crude tanker market, Teekay Tankers Ltd. (NYSE:TNK) and Teekay Corporation (NYSE:TK) announced today the creation of a new company called Tanker Investments Ltd. (TIL).  According to a...

January 21, 2014
Total Views: 16

Friday, November 15, 2013
teekay lightering tankers
Maritime News

Tanker Market: Thinning Orderbooks, Higher Production, and Increased Ton-Mile Demand

Teekay’s Manager of Research, Christian Waldegrave notes that following the past few months of weakness within the crude tanker market as a result of refinery maintenance and a decrease in...

November 15, 2013
Total Views: 2

Saturday, August 24, 2013
Maritime News

Teekay Predicts Depressed Tanker Market Throughout Rest of 2013

Teekay’s Market Analyst Christian Waldegrave reports a low, but seasonally “normal” summer in the conventional tanker market, with not much improvement expected for the rest of this year. Looking ahead...

August 24, 2013
Total Views: 0

Thursday, August 8, 2013
remora hiload as

Fish-Inspired Vessel Joins Brazil Offshore Oil Boom

By Andrew Callus LONDON, Aug 9 (Reuters) – A strange-looking vessel inspired by the exotic sucker fish is due to leave Norway for Brazil’s giant offshore oilfields this week on...

August 8, 2013
Total Views: 6

Monday, August 5, 2013

Awilco LNG Surges as Teekay Deal Finds Funding

(Bloomberg) Awilco LNG ASA, the Norwegian owner and operator of liquefied natural gas vessels, rose the most in more than two months after a deal with Teekay LNG Partners LP (TGP) eased concerns...

August 5, 2013
Total Views: 2

Wednesday, July 31, 2013

EXMAR LPG Joint Venture Adds Two Midsize Gas Carriers

Belgian gas shipping company EXMAR NV said Wednesday that its joint venture with Teekay LNG, EXMAR LPG, has exercised an option for two additional midsize gas carriers.

July 31, 2013
Total Views: 1

Teekay_Shipping Logo

Teekay LNG Announces $40 Million Equity Private Placement

Teekay LNG Partners L.P. (NYSE:TGP), announced today that it has issued approximately 0.93 million common units in a private placement to an institutional investor for proceeds of approximately $40 million...

July 31, 2013
Total Views: 0

Friday, July 26, 2013
Teekay megi lng carrier
Maritime News

Teekay Orders Another Pair of LNG Carriers, Adds Options

Teekay LNG Partners L.P. (NYSE:TGP) has announced that it has exercised two of its three existing options with Daewoo Shipbuilding & Marine Engineering Co., Ltd., (DSME) two build another two...

July 26, 2013
Total Views: 4

Thursday, June 27, 2013
teekay americas spirit
Maritime News

Teekay Predicts Marginal Revival of Tanker Rates by 2014

Teekay Market Analyst, Christian Waldegrave notes in his latest conventional tanker market report that there has been very strong growth in non-OPEC oil production around the world this year, particularly...

June 27, 2013
Total Views: 0

Sunday, June 9, 2013
Teekay megi lng carrier
Maritime News

Teekay’s LNG Carrier Newbuilds Gain 5-Year Charter Contracts

Teekay LNG Partners L.P. (NYSE:TGP) has announced that it has entered into two, five-year time-charter contracts with Cheniere Marketing, LLC to provide them with Liquefied Natural Gas transportation services. The fixed-rate time-charter contracts will...

June 9, 2013
Total Views: 0

Wednesday, May 29, 2013
Petrojarl Cidade de Itajai FPSO

Teekay Offshore Gets the Keys to Cidade de Itajai FPSO

Vancouver-based Teekay Corporation (NYSE:TK), has turned over the keys to the Cidade de Itajai FPSO in a $204 million deal struck today with their daughter company, Teekay Offshore Partners L.P. (NYSE:TOO).  ...

May 29, 2013
Total Views: 10

Wednesday, May 22, 2013
gina krog signing teekay
Maritime News

Teekay Offshore to Provide Converted FSO At Statoil’s Gina Krog

Teekay Offshore Partners L.P. (NYSE:TOO) announced an agreement with Statoil to provide a floating storage and offtake (FSO) unit for the Gina Krog oil and gas field located in North Sea. The contract...

May 22, 2013
Total Views: 0

Thursday, May 2, 2013
british confidence bp shipping vlgc
Maritime News

SEACOR Orders Pair of VLGCs from Hyundai Heavy

After a $10.9 million loss in the first quarter this year, SEACOR Holdings’ (NYSE:CKH) Executive Chairman of the Board, Charles Fabrikant was justifiably unhappy with his company’s results.  However, it’s...

May 2, 2013
Total Views: 1

Monday, April 8, 2013
Teekay Shipping
Maritime News

Teekay Joins the Rush for Eco-Product Tankers, Places $188 Million New Build Order

Teekay Tankers (NYSE:TNK) announced today a $188 million order for four new 113,000 DWT Long Range 2 (LR2) product tankers from South Korea’s STX Offshore & Shipbuilding Co.  This order includes an...

April 8, 2013
Total Views: 3

Monday, March 25, 2013
peter evensen teekay
Maritime News

Teekay CEO Peter Evensen: Ski Bum Turned Ship Finance Wizard

At the Connecticut Maritime Association conference last week in Stamford, Connecticut, I sat down with Peter Evensen, President and CEO of Vancouver-based Teekay Corporation (NYSE:TK).  RA: Where are you from...

March 25, 2013
Total Views: 9