April 6th, 20200Teekay LNG Partners has announced new fixed-rate charters for two of its part-owned LNG carriers as well as a $225m refinancing. The new charters, a 12-month charter on the Arwa Spirit and an eight-month charter on the Methane Spirit, will commence upon completion and in direct continuation of their existing contracts in May and July...
April 2nd, 20200The Public Health Agency of Canada has denied a car carrier travelling from Germany entry to the Port of Halifax. On March 17, the Public Health Agency of Canada was notified that several crewmembers aboard the had symptoms consistent with Covid-19. "To protect the health and safety of Canadians, (the agency) made the decision to...
April 1st, 20200Digital chart agent and ECDIS manufacturer ChartWorld, has announced the acquisition of Canada's Maritime Services to strengthen its network in North America. Vancouver-based Maritime Services is a provider of commercial and recreational electronic charts, publications, paper charts, and marine and safety electronics. “We have...
March 30th, 20200Teekay Corporation has entered into a new bareboat charter contract with Foinaven operator Britoil, a subsidiary of BP, for the FPSO unit for a period of up to 10 years. Teekay will receive an upfront payment of around $67m in cash, a nominal dayrate over the life of the contract, and a lump sum payment at the end of the contract to...
March 24th, 20200Teekay Offshore Partners has announced that it has changed its name to Altera Infrastructure as part of its global group rebranding initiative. “In support of our new vision to lead the industry to a sustainable future, we are establishing a global energy infrastructure services business that will create long term value for its...
February 26th, 20200NYSE-listed containership operator Seaspan Corporation has sealed a deal to acquire four secondhand 12,000 teu containerships for around $367m in cash. The acquisition sees the Seaspan fleet pass the 1m teu mark. The vessels, three of which are built in 2018 and one in 2017, are scheduled for delivery in March and April 2020 and will...
February 19th, 20200Supply chains are coming under huge pressure in Canada after close to three weeks of demonstrations led by a local tribe fighting a proposed pipeline. While some of the country is slowly getting back to normal, operations at ports and rail lines in Quebec remain deeply troubled. According to an update from German carrier Hapag-Lloyd...
January 29th, 20200Teekay Tankers has announced the sale of several assets worth a total of $83m as well as the closing of a new $533m refinancing. The company has sold a portion of its oil and gas ship-to-ship transfer support services business, which also provides gas terminal management and gas consulting services, to Hili Ventures for around $26m....
January 7th, 20200Vancouver-based shipping group Seaspan Corporation and Singapore's offshore marine group Swiber Holdings have reached an agreement to terminate a proposed $200m investment deal. According to Swiber, certain conditions precedent for the completion of the planned investment were not fulfilled before the December 31, 2019 deadline and no...
November 15th, 20190Canadian containership operator Seaspan Corporation has announced the acquisition of a fleet of six containerships for a total price of $380m. The deal include three three 2012-built 10,700 teu vessels, two 2013-built 9,200 teu vessels, and one 2014-built 9,200 teu vessel, which are all operate under long-term charter with a global...
