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, office areas, meeting/conference room and cinema. Its design is based on Sevan Marine’s unique cylindrical hull, providing several advantages compared to traditional accommodation vessels including high uptime, excellent motion characteristics (less seasickness), more deck space, better stability, and more storage space.
Arendal Spirit is expected to arrive in Brazil by the end of April to start a 3-year charter contract with Petrobras, with extensions. It is the first of three UMS vessels to be built by COSCO in China. The vessels were originally ordered by Logitel Offshore Holdings, which Teekay acquired in July 2014.
Teekay’s second UMS, the Stavanger Spirit, is currently under construction with delivery scheduled for the fourth quarter of 2015.
The EU will propose to G7 finance ministers this week to lower the current $60 per barrel price cap on Russian seaborne oil as part of the new sanctions package against Moscow, European Economic Commissioner Valdis Dombrovskis said on Monday.
The prospect of a deal over Iran’s nuclear program saw oil fall sharply on Thursday. The reality is that Tehran has relatively little extra crude that it can bring back — but it could arrive in a market that’s gearing up for surplus.
Estonia said on Thursday that Moscow had briefly sent a fighter jet into NATO airspace over the Baltic Sea during an attempt to stop a Russian-bound oil tanker thought to be part of a "shadow fleet" defying Western sanctions on Moscow.
May 15, 2025
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