Teekay Builds on its LNG Service Offering

Thursday, January 31, 2008
Teekay has purchased two unique liquefied natural gas (LNG) carriers that, in future, may help its customers develop smaller gas fields and open up markets that were previously inaccessible. Teekay acquired two specialized LNG carriers. The Polar Eagle pictured here has been renamed the Polar Spirit. He says the SPB (Self Supporting Prismatic shape IMO Type “B”) cargo tank is a robust design which has been likened to “an egg in a carton.” The tanks can withstand severe cargo sloshing, which conventional membrane-style tanks cannot. Teekay believes their most likely use will be as off-take vessels from floating liquefaction vessels, feeder vessels to Floating Re-gasification and Storage Units (FRSUs) or as trading vessels with their own re-gasification units on deck. The vessels are also suited for delivery of partial cargoes at multiple ports, expanding the range of services Teekay provides its customers. The 88,000-cubic cargo capacity ships, about half the size of conventional LNG carriers, were purpose-built in 1993 to carry gas from Alaska’s Kenai LNG liquefaction plant to utility customers in Japan. They were acquired by Teekay from ConocoPhillips and Marathon Oil Corporation and have been time chartered back to them for the life of the Kenai project, which could end as early as 2009, but probably later.

Crews currently employed on the vessels, renamed Arctic Spirit and Polar Spirit, have transferred over to become Teekay employees, adding to the company’s pool of experienced LNG officers and seafarers and providing additional training platforms. With their valued expertise, Teekay now has the greatest experience in operating LNG vessels in harsh winter climates.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Energy

Gas Plant Fire Halts US Gulf Coast Platforms

At least two offshore oil platforms halted operations on Tuesday in the U.S. Gulf of Mexico after a fire at a natural gas processing plant in Mississippi shut a

China's Robust Crude Oil Imports Mask Changing Fuel Dynamics

China is a bigger concern for crude oil and products markets than the current worries about the British vote to leave the European Union.   While the news media

EU to Accept Antitrust Offer from Maersk, MSC, 13 Others

World No.1 container liner Maersk, Swiss peer MSC and 13 other shipping firms are set to escape possible penalties as EU antitrust regulators plan to accept their offer to end a five-year probe,

LNG

Conrad Shipyard Forms LNG Business Unit

Conrad Shipyard has formed a new business unit focused on LNG projects.   Conrad, builder of North America’s first LNG bunker barge scheduled for 2017 delivery,

VEB Guarantees $3 Bln of Yamal LNG Debt

Russian development bank VEB said on Friday it had provided a guarantee for $3 billion of debt to the Yamal liquefied natural gas (LNG) project, led by Russian gas firm Novatek.

GTT, Endel Team-up to Roll-out Membrane Containment Systems

21 June 2016. GTT and the Endel company1 reaffirmed their collaboration in the area of LNG as a marine fuel, following the recent signature of a Technical Assistance

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Pod Propulsion Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1279 sec (8 req/sec)