Teekay Offshore Orders Two More LNG-Fuelled Shuttle Tankers

| Bermuda, Hamilton
Teekay LNG Shuttle Tanker (rendering)

Teekay LNG Shuttle Tanker (rendering)

Teekay Offshore Partners has declared options with Samsung Heavy Industries Co., Ltd. for the construction of two Suezmax-sized, DP2 shuttle tanker newbuildings. These newbuildings will be constructed based on the new Shuttle Spirit design which incorporates proven technologies to increase fuel efficiency and reduce emissions, including Liquefied Natural Gas (LNG) propulsion technology.

The company ordered the first two Suezmax-sized shuttle tankers in July, announcing at the time the possibility or exercising the option to increase the order with SHI.

Upon delivery in 2020, these vessels will join Teekay Offshore’s Contract of Affreightment (CoA) fleet in the North Sea. Once on the water, they will be the most environmentally friendly shuttle tankers ever built.

“This is another important milestone for Teekay Offshore’s shuttle tanker franchise since it further strengthens our position as the leading provider of CoA shuttle tanker services in the North Sea. What makes me particularly proud is that these newbuildings, as well as the two shuttle tankers ordered in July 2017 to service Statoil’s needs in the North Sea, will set new standards for both fuel consumption and CO2 emissions” commented Ingvild Sæther, President and CEO of Teekay Offshore Group Ltd.

Source: Teekay Corporation

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