rss icon Subscribe
desktop mobile

Teekay Offshore Orders two LNG-fueled Aframax at Samsung Heavy Industries

Image: Teekay Offshore GP

Shailaja A. Lakshmi

Teekay Offshore GP entered into shipbuilding contracts to construct two LNG-fueled Aframax DP2 shuttle tanker newbuildings from Samsung Heavy Industries for delivery in late-2020 and early-2021, bringing the Partnership's orderbook to six shuttle tankers.

These newbuildings will be constructed based on Teekay Offshore's New Shuttle Spirit design which incorporates proven technologies to increase fuel efficiency and reduce emissions, including LNG propulsion technology.

Upon expected delivery in late-2020 through early-2021, these vessels will join the Partnership's CoA shuttle tanker portfolio in the North Sea to provide needed capacity to meet its customers' needs.

In August 2018, the Partnership extended the mandatory prepayment date for the Arendal Spirit UMS debt facility to September 30, 2019 in exchange for a principal prepayment of $18 million, which is expected to be paid in the third quarter of 2018.

Amongst other new features, the design concept incorporates several of Wärtsilä's new technologies. The annual emission reduction potential is estimated at up to 42%, with fuel consumption reduced by up to 22% compared to traditional shuttle tankers.

Aug 2, 2018

 

Shipbuilding

China Builds 30,000-tonne Nuclear-Powered Ship

Russia's icebreaker. Image: Rosatom State Atomi? Energy Corporation ROSATOM

China is working to develop a 33,069-ton nuclear icebreaker, which would be even bigger than the

Incat Crowther Ferry for Samso Rederi

Image: Incat Crowther

The marine engineering design company Incat Crowther announced the construction of a 35m Catamaran

Damen bags First Cruise Contract

Photo courtesy  of Damen Cruise

Damen Shipyards Group has announced the recent signing of a contract with Oslo, Norway-based

Ship Sales

Vitol Expands Tanker Fleet

Pic: Vitol

Global energy trader Vitol has agreed to acquire a further 50 percent share of the global asphalt

Navig8 in Sale, Leaseback Pact with China Bank

Pic: Navig8 Chemical Tankers Inc.

Navig8 Chemical Tankers  entered into sale and leaseback agreements with ICBC Financial Leasing

Scorpio Sells Seven Ships

Pic: Scorpio Bulkers Inc.

The provider of marine transportation of dry bulk commodities, Scorpio Bulkers announced that it

Maritime Apps