Teekay’s three shuttle tankers to be built at Samsung

Teekay’s three shuttle tankers to be built at Samsung

Athens: South Korea’s Samsung Heavy Industries is to build the three shuttle tankers ordered by Teekay Offshore Partners earlier this week.

In a filing to the Seoul stock exchange, Samsung revealed that the contract for the three suezmax-sized DP2 shuttle tankers is worth KRW 370.2bn ($332.6m). The contract has an option attached for one additional vessel.

The three firm vessels are expected to be delivered in the fourth quarter of 2017 through to the first half of 2018, as Splash reported earlier this week.

Teekay Offshore Partners has entered into new 15-year contracts with a consortium of energy companies to provide shuttle tanker services for oil production activities in East Coast Canada.

The companies include Chevron Canada, Husky Energy, Mosbacher Operating, Murphy Oil, Nalcor Energy, Statoil and Suncor Energy.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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