Teekay Offshore Books Two More LNG-Fueled Shuttle Tankers at SHI

Teekay Offshore has declared options with Korean shipbuilder Samsung Heavy Industries (SHI) for the construction of two, Suezmax-sized, DP2 shuttle tanker newbuildings.

The option forms part of a contract signed in August this year covering two firm and two optional units.

The construction cost of the quartet is set at approximately USD 265 million, according to Teekay Offshore.

The latest newbuildings will be constructed based on the company’s new Shuttle Spirit design, like their predecessors, which incorporates technologies aimed at increasing fuel efficiency and reducing emissions, including LNG propulsion technology.

Upon delivery in 2020, these vessels will join Teekay Offshore’s Contract of Affreightment (CoA) fleet in the North Sea.

“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,” commented Ingvild Sæther, President and CEO of Teekay Offshore Group.

“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.”

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

Eastern Mediterranean Offshore Conference and Exhibition (EMC) 2020

EMC 2020 conference will arm delegates with technical and commercial knowledge to capitalise…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >