Teekay Shuttle Tankers has placed USD 125 million senior unsecured green bonds due October 2024 to be listed on the Oslo Stock Exchange. The proceeds from the bond issue will be used in accordance with Teekay Shuttle Tankers’ green bond framework to partially fund four E-Shuttle newbuilds currently under construction and with planned deliveries in 2019 and 2021.
Another TK related news item, Teekay was presented the “Shipping Company of the Year” award at the International Seafarers’ Welfare awards held during the London International Shipping week. Teekay Shipping provides free internet to all its ships and a support line for seafarers experiencing challenges in their work of personal life. The company provides modern gym equipment on board and social interaction is encouraged with onboard team competitions.