Teekay LNG secures new charter deal as profit drops

Rate this article

By LNG World News Image courtesy of TeekayTeekay LNG, one of the world’s largest operators of liquefied natural gas tankers, said Thursday its joint venture with Marubeni signed an 18-month charter contract with a Japanese utility.
The charter starts in the fourth quarter of 2018, and the agreement allows the Japanese utility to extend the contract for one year.
This charter contract will be serviced by one of the MALT LNG joint venture’s existing vessels currently trading in the short-term market.
In addition, the joint venture has also completed the refinancing of four LNG carriers with a new $335 million debt facility.
Awilco LNG charter negotiations
Teekay LNG started

Read Full Article Here

For more great articles: LNG World News

(Visited 8 times, 1 visits today)