Teekay
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- Teekay Enters LNG With Tapias Acquisition Maritime Reporter, Apr 2004 #42
Teekay Shipping Corporation has entered into a definitive agreement to acquire Naviera F.
Tapias S.A.. a leading independent owner and operator of LNG carriers and crude oil tankers in Spain. Teekay has also entered into an agreement with the shareholders of Tapias to establish a 50/50 joint venture that will pursue new business in the oil and gas shipping sectors, focusing specifically on the Spanish market. The Tapias acquisition will establish Teekay's presence in LNG shipping, one of the fastest growing sectors of sea-borne energy transportation.
It will position the company as a key supplier of LNG shipping to Spain, the world's third largest importer of LNG and provide a strategic growth platform for Teekay. As a major provider of crude oil transportation to Spain, the acquisition of Tapias will also extend Teekay's leading position in the crude oil tanker sector.
Teekay will acquire Tapias for a total enterprise value of approximately $810 million through a combination of cash, and the assumption of existing debt. In addition. Teekay will assume approximately $540 million in newbuilding commitments, most of which is expected to be fully debt financed prior to the vessel deliveries, thereby requiring a relatively small total cash outlay by the company. Teekay expects the acquisition to be immediately accretive to earnings and to provide cash flow from vessel operations of approximately $85 million in 2004 (on an annualized basis).
$120 million in 2005 and $125 million annually thereafter, following delivery of the newbuildings. The company anticipates that the acquisition will increase Teekay's annualized cash flow from vessel operations from long-term fixed-rate contracts to approximately $400 million by the end of 2005.
The transaction is expected to close by April 30, 2004.
Inigo Tapias Performance Proven The LNG carrier Ifiigo Tapias has reportedly performed very well in the six months since its delivery. The ship was built at the Izar's Sestao Shipyard and has performed 13 shipments since it was delivered: the first one from Qatar to Spain and the other 12 from Trinidad- Tobago to the U.S. During this period.
Gas Natural assures that this LNG with a capacity of 138.000 cu. m. has per- formed "perfectly." Ifiigo Tapias is the first of a series of five LNG Tankers with a capacity of 138,000 cu.
m. ordered with Izar. These five LNGs. ordered by three ship owners — F. Tapias, Elcano and Knutsen O.A.S.
— will transport natural gas for Repsol YPF-Gas Natural and Union Fenosa, to satisfy the growing demand of this kind of energy within the industrial and domestic markets.
The LNGs built by Izar are double hull, double bottom in the cargo area, and feature four cryogenic cargo tanks with GTT Membrane Type No. 96 E2, where the natural gas is transported at atmospheric pressure and at a temperature of -163° C.
This membranes, directly attached to the ship's double hull/double deck, have two missions: To reduce the transfer of heat to the atmosphere and the cargo tanks to minimize the evaporation of liquefied natural gas and thermally insulating the structural steel and transmitting the cargo's weight to the steel structure.
Each of the 0.7mm thick and 500 mm large membranes, made of Invar sheets (metal alloy with a 36% content of nickel), counts with an insulating barrier of two layers of perlite (aluminium oxide of granular shape with silicon)-filled plywood casings to prevent water and humidity. Each LNG carrier counts with 52,000 cases. These ships are able to load and unload in a maximum of 12 hours.
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- Teekay Seeks to Grow Suezmax Fleet Maritime Reporter, Apr 2004 #50
Expanding the Suezmax fleet and greater involvement in carrying oil products are among the ambitions being pursued by theTeekay Tanker Services (TTS) business unit of Teekay. "At the same time, we're working to expand our strong Aframax position," said TTS Vice President Peder Farmen. who heads the
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- Teekay Foam's Discharge Pipe Repaired in Bilbao Maritime Reporter, May 2002 #36
When Teekay Foam established a water leak within the internal pipe of the scrubber overboard system, UMC was called in to provide a solution. The leak was between the sea valve and the aperture, and a concrete box had been previously installed to temporarily resolve JRC] fa Since 1915 Main Office: M
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- Teekay Sees Amended Regs as Positive Maritime Reporter, Jan 2004 #12
the existing world tanker fleet will be excluded from the majority of the oil tanker trades by 2010. Based on information provided by the IMO, 19 of Teekay Shipping's total fleet of 149 vessels will be affected by the IMO accelerated phase-out schedule, effectively reducing the economic life of each of
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- Teekay Orders Aframax Tankers Maritime Reporter, Feb 2004 #15
Teekay Shipping entered two agreements to construct a total of six 105.000 dwt high specification Aframax tanker newbuildings. Four conventional Aframax tankers and two purpose-built lightering ships have been ordered from Hyundai Heavy Industries and Tsuneishi Corporation, respectively. The aggregate
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- Teekay Couplings Plastlock Pipe Coupling Maritime Reporter, Oct 2014 #66
Teekay Couplings launched its new Teekay Plastlock Pipe Coupling at SMM in Hamburg, Germany. Designed to enable simple, rapid and permanent joining of plain-ended plastic pipes, the product is designed to greatly increase the ability of the marine industry to specify plastic pipes in builds and therefore
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- Powering Ahead Cleanly Maritime Reporter, Jul 2013 #14
was palpable. For MAN Diesel & Turbo it served as a definitive launch point for its ME-GI Dual Fuel engine, which was soon followed with an order from Teekay LNG Partners to power a pair of LNG Carriers. MR had the opportunity to sit with Thomas S. Knudsen, SVP, Head of Marine Low Speed and CEO of Denmark
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- Vancouver: Maritime’s New Home Address Maritime Reporter, May 2017 #58
a good start, in terms of companies present, correct? There are a number of international shipping companies and shipping lines in Vancouver including Teekay, Seaspan, Valles, Oak, Fairmont, Waterfront, Inter-Oceans, CSL, Gearbulk, GriegStar, Hanjin, China Ocean Shipping, CMA CGM, Evergreen, Seabridge, Oldendorff
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- Floater Orders 2014 Maritime Reporter, Feb 2015 #16
Kaombo CLM (Saipem) • Kaombo GGC (Saipem) • Deep Producer 1 (TH Heavy) • Catcher (BW Offshore) • Armada Ali (Bumi Armada) • Libra EWT (Teekay/Odebrecht) • Madura BD (Bumi Armada) • Front Puffin (Rubicon) • Tartaruga MV 28 (Modec) • Petrojarl 1 (Teekay) FSOs (3) • Nong
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- Australia’s Largest Research Vessel Ready for Launch Marine Technology, Jan 2014 #14
At the end of 2013, the team of Sembawang Shipyard of Singapore and Teekay Shipping Australia will deliver the new scientific Research Vessel Investigator to its owners, the Commonwealth Scientific and Industrial Research Organization (CSIRO), an agency of the Federal Government of Australia. Investigator
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- Floating Production Inventory Continues to Grow Maritime Reporter, Mar 2014 #10
48% of the FPSOs. SBM is the largest leasing company. It owns 17 units, 8% of the inventory. Next in line are BW Offshore and Modec (each 13 units), Teekay (10 units), Bumi Armada (7 units) and Bluewater (5 units). In terms of control of FPSOs, Petrobras is the gorilla in the sector. Counting both owned
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- Stability Software for Semi Submersible Rigs Maritime Reporter, Apr 2004 #38
vessels as well (as Autoload Version 6.0). As a result, the "new" interface developed from Autoload Rig is now being used on a tanker vessel operated by Teekay Shipping Ltd., and is being installed on several new-build bulk carriers for Westwood Shipping Lines. Even though the interface clearly reflects
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May 2020 - Maritime Reporter and Engineering News page: 41larger ($540 billion assets) Canadian infrastructure giant acquired 51% of the shareholding in the offshore transport and Brookfield (the purchaser of Teekay Offshore). Vessels serv- jack-up installation vessel Blue Tern (ex Sea Fox 5, built 2012 at ing offshore wind energy could well be tied to larger
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January 2020 - Maritime Reporter and Engineering News page: 53Yamal LNG project ahead Coastal Marine Equipment (CME) of of schedule. Yakov Gakkel, owned by Gulfport, MS said that Trey LeBlanc joint venture between Teekay LNG has joined CME and will be working Partners and China LNG Partners, joins with the Sales & Marketing group. a ? eet of 15 specially designed
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January 2020 - Maritime Reporter and Engineering News page: 52John Adams as managing director of V.Ships U.K. Arnout Damen Takes the Helm Ltd., joining the company after 30 Arnout Damen became the new CEO years at Teekay Shipping, where he of Damen Shipyards Group as of Janu- played a key leadership role during ary 1, 2020, a management move that Teekay’s growth
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June 2019 - Maritime Reporter and Engineering News page: 45owners (including some arm is partly owned through joint deals pegged the group’s vessel count at 125 who made the “Top 5” lists). Dry bulk Teekay with the listed company Concordia Mar- The Teekay companies’ ? eets (totaling with a total tonnage of 24.2 mdwt. Its owner Star Bulk, along the
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January 2019 - Maritime Reporter and Engineering News page: 22can be merous wildcards. The actions of OPEC+ regarding described as cautiously optimistic but not ecstatic, The Forward Curve exports mentioned by Teekay Tankers, and the im- based on market data provided by brokers Marex pacts of the ongoing “Trade War” are examples. But Spectron. For VLCC’s, the
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January 2019 - Maritime Reporter and Engineering News page: 21Waldegrave, Head of Re- mdwt) was 46% of the existing ? eet (260 YoY) and low orderbook (~8% of the is seeking to pull back on production search at Teekay Tankers, one of the mdwt). global ? eet).” this time (as seen by its announcement largest owners of crude carrying tankers, Waldegrave from Teekay
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October 2018 - Maritime Reporter and Engineering News page: 84for a new shuttle tanker con-www.rolls-royce.com/ options and applications’ approach. The back on fuel consumption, maintenance cept developed by Teekay and Wärtsilä. products-and-services/marine power output of the new engine is iden- requirements, operational costs, and en- Four tankers are being
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August 2018 - Maritime Reporter and Engineering News page: 72dozen Su- ping companies, with some exiting the to recapitalize Genco through a substan- of private equity funds. In 2010, Regan ezmax vessel bloc to Teekay Tankers business completely and selling their tial equity injection, which allowed its moved over to Apollo Global Manage- (NYSE: TNK), for $662
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August 2018 - Maritime Reporter and Engineering News page: 67themes, Interconnected layout of that port, in 2013, and in the train- Arctic, Competent Arctic and Safe Arctic. He notes that the ing of of? cers from Teekay, Dynagas, and global temperature increase is much higher in the Arctic MOL with LNG carriers operating there. than in other parts of the world.
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February 2018 - Maritime Reporter and Engineering News page: 62tanker concept developed x 59 meter, 20,600 TEU-containerships. full rate production and is continuing its held at Vigor’s Harbor Island Shipyard by Teekay will offer a new level of in- Advanced tech onboard includes: momentum at Austal USA with seven in Seattle, where the new 144-car ferry novation
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January 2018 - Maritime Reporter and Engineering News page: 53, generating ap- the company’s mariners have the train- Metruck to Lead Port of Seattle proximately $15 billion of revenue. The Andrade New CFO at Teekay Tankers ing and skills they need to be high per- The Port of Seattle Commission an- company operates in 31 countries, with Stewart Andrade has been
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December 2017 - Maritime Reporter and Engineering News page: 5# of Vessels Value $B China Cosco Shipping Corp 721 $19.2 Maersk Group 467 $14.9 Fredriksen Group 255 $13.8 $11.7 MOL 223 NYK Group 305 $10.3 Teekay Group 155 $9.6 Angelicoussis Group 127 $7.6 Economou Group 146 $6.9 K Line Group 170 $6.5 BW Group 134 $6.4 Rest of World 47,764 $659.0 Top
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May 2017 - Maritime Reporter and Engineering News page: 84marine systems opera- said its new Cutmaster 60i handheld spaces tend to be cramped and have rine-LNG fuel-gas-system manufacturer, tion and Teekay Marine Solutions are air plasma cutting system is now avail- reduced accessibility. Knowing this, FCI signed a contract with the Vard Shipyard launching
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May 2017 - Maritime Reporter and Engineering News page: 61has worked for various international ? rms such as Gard (UK) Ltd., the Na- tional Oil Re? neries of Greece and international shipping companies such as Teekay Shipping Ltd. and Seaspan Ship Management in Vancouver, Canada. Kaity’s previous position was with the International Ship Owners Alliance of Canada
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May 2017 - Maritime Reporter and Engineering News page: 60local shippers. Greystoke Marine Management, a company ing News recently spoke with Kaity But you already have a good start, in terms of founded by ex-Teekay senior executives, established Arsoniadis-Stein, Executive Director companies present, correct? its start-up company in Vancouver, to provide commer- of
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March 2017 - Marine News page: 52DHS in that position until retiring from Secretary of Transportation Security Committee The American Maritime Partner- Daniel M. Gianfalla has been ap- Teekay at the end of 2015. ship (AMP) last month congratu- pointed to the National Maritime Marine Exhaust Systems lated Secretary Elaine Chao for her
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October 2016 - Maritime Reporter and Engineering News page: 54MARINE FIREFIGHTING & SAFETY New Product Buoyant Body Armor for Maritime NEW Teekay Axilock With the advances of technology many manufacturers are turning their Fire Proof Coupling interest towards developing body armor with increased buoyancy to meet the The Teekay Fireproof Coupling requirements of
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October 2016 - Marine News page: 58, SpecTec tope’s pharmacological action repels Collaborate to Cut Costs barnacle settlement on ships’ hulls Caterpillar Marine Asset Intelligence Teekay Axilock Fire by temporarily stimulating the bar- and maintenance management spe- Proof Coupling nacle larvae’s swimming behavior. cialist SpecTec
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June 2016 - Maritime Reporter and Engineering News page: 41the 2012 was a relatively stable time in the 10 year period of 2005-2015 an average tion in the market. But who knows? FPSO contractor’s FPSO ? eet as Teekay FPSO market and SBM indicated a to- of 2.1% of the ? eet was retired each year As the last few years progressed the took a position in the company
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Q2 2016 - Maritime Logistics Professional page: 56OFFSHORE ENERGY Credit: Teekay Corporation completed the BW Pioneer FPSO in Singapore and sailed it to One of these is geography: GoM has a ? at alluvial plain going the Gulf of Mexico, arriving in late February of 2010. out a hundred plus miles, making it simple and cost ef? cient Within days of the ?
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December 2015 - Maritime Reporter and Engineering News page: 533 5 4 Photo: Teekay continue to demonstrate sustained strength,” said An- CMA CGM Amazon accordance with IMO visibility requirement at thony Gurnee, CEO of Ardmore. “I would also like to 9,100 TEU Containership (1st in a series of the scantling draft. 5 extend our sincere thanks to Fukuoka, as
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December 2015 - Maritime Reporter and Engineering News page: 231 Ardmore Chippewa Product/Chemical Tanker Ardmore Fukuoka 52 CMA CGM Amazon Containership Capital Ship DSME (Romania) 53 Creole Spirit LNG Teekay DSME 53 Industrial Grand Multipurpose Intermarine Hudong Zhonghua Shipyard 52 Isla Bella & Perla del Caribe Containership TOTE NASSCO 39 Island
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November 2015 - Maritime Reporter and Engineering News page: 151- the large yacht segment. Most recently, Jostens Female Administrator of the cer. Nguyen-Bull graduated from Har- he was vice president of business de- Teekay Veteran Glendinning to Retire Year. A funeral service was held in Oc- vard University magna cum laude and velopment and sales for Rybovich. He Long-time
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September 2015 - Maritime Reporter and Engineering News page: 42Stoichevski “Inspect, never expect,” urges Ketil late-life FPSO or someone’s ? eld life- here are new-builds, and there are conversions. In lean Hox, Teekay Petrojarl’s FPSO start- extension project. Three decades of ex- times, there’s also “life-extension” for FPSOs increas- up manager for the North Sea