Friday, 04 August 2017 12:27

Teekay forms new shuttle tanker unit

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Teekay Offshore revealed plans to transfer its shuttle tanker business into a new subsidiary, Teekay Shuttle Tankers (ShuttleCo) along with the announcement that Teekay Offshore Partners (TOO) has entered into conditional contracts with Samsung Heavy Industries (SHI) to construct two Suezmax-size DP2 shuttle tankers with LNG propulsion technology and options to order up to two additional vessels.  Upon delivery in 2019 and 2020, the 154,000 dwt vessels will provide shuttle tanker services in the North Sea under Teekay Offshore’s existing master agreement with Statoil ASA (Statoil). 

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