Teekay puts ethylene carriers into Lauritzen pool

Teekay puts ethylene carriers into Lauritzen pool

Teekay LNG Partners has agreed a deal with Lauritzen Kosan, the gas carrier division of J. Lauritzen, to place its fleet of ethylene gas carriers into the Lauritzen Kosan pool.

Seven ethylene gas carriers owned by Teekay LNG will join the pool from March 1.

Thomas Wøidemann, CEO of Lauritzen Kosan, commented: “We are proud to have Teekay LNG, a world leader in energy transportation, joining us in our strategy to service existing and new customers. This is an indication of our strong market position in the gas carrier industry.

The vessels joining the pool are 5,500 cbm carrier Camilla Spirit, 5,800 cbm carriers Pan Spirit and Cathinka Spirit, 8,500 cbm carrier Sonoma Spirit, 10,200 cbm carrier Napa Spirit and 12,000 cgm carriers Vision Spirit and Unikum Spirit.

The injection of ships grows the pool to 21 vessels, 11 of them Lauritzen Kosan vessels.

“With Lauritzen Kosan’s close and long-lasting customer relationships, we are confident that we have found the right commercial and operational platform for our fleet of ethylene gas carriers”, said Mark Kremin, president and CEO of Teekay Gas Group.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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