Hamilton, Bermuda, December 15, 2008 – Teekay Corporation and Frontline Ltd. announced an agreement to commercially combine their Suezmax vessels within the Gemini Pool, a Suezmax tanker pool serving customers around the globe. Frontline will place its spot Suezmax vessels within the Gemini Pool, bringing the total number of vessels in the pool to 36. To manage the larger fleet and establish a chartering presence in Europe to supplement its existing Stamford, Connecticut operations, Gemini has opened an office in Oslo and four commercial personnel from Frontline have joined the new office. “Frontline has always been a frontrunner in consolidating the tanker industry and entering the Gemini Pool is an important element in such.