Wednesday, April 23, 2014
Friday, March 14, 2014
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...
Friday, February 21, 2014
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...
Tuesday, February 4, 2014
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...
Tuesday, January 21, 2014
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...
Friday, November 15, 2013
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...
Saturday, August 24, 2013
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...
Thursday, August 8, 2013
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...
Monday, August 5, 2013
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.
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...
Friday, July 26, 2013
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...
Thursday, June 27, 2013
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...
Sunday, June 9, 2013
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...
Wednesday, May 29, 2013
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). ...
Wednesday, May 22, 2013
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...
Thursday, May 2, 2013
Monday, April 8, 2013
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...
Monday, March 25, 2013
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...
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