GREEN4SEA Conference & Awards

7 Mar 2018
Learn More
GREEN4SEA Conference & Awards

7 Mar 2018
Learn More

Teekay LNG Partners launches new multigas pool

multigas

Teekay LNG Partners launched the Teekay Multigas Pool, an in-house commercial management solution for ethylene-capable liquefied petroleum gas (LPG) and small-scale liquefied natural gas (LNG) vessels.

The Teekay Multigas Pool aims to bring its seven ethylene-capable LPG carriers under the new management structure. The pool fleet is expected to reach at least 12 vessels by the end of 2017, including third party partner vessels, Teekay announced.

The seven LPG carriers are part of the Norgas Carriers Pool, operated by I.M Skaugen, and the transition of these vessels into the Teekay Multigas Pool will start immediately.

Mark Kremin, President and CEO of Teekay Gas Group Ltd., stated: “We believe there are opportunities to consolidate the ethylene and small-scale LNG shipping sectors. We see this as fundamentally separate from our successful existing LPG joint venture with Exmar in the fully-refrigerated sector. The semi-refrigerated sector is at a low point in the cycle and we are establishing the Teekay Multigas Pool in readiness for the potential market upturn. The Teekay Multigas Pool is open for business.”

Related Posts


Share on Facebook0Tweet about this on TwitterShare on Google+0Share on LinkedIn3

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Explore Our Group Sites:

x

Check Also

Chevron: Methanol as bunker fuel and other marine lubricants

Many vessels that are using these alternative fuels are dual-fueled, meaning that they have engines able to run either on a higher sulphur conventional fuel or on a virtually zero sulphur content alternative fuel, resulting in more extreme operating conditions within the engine.

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this. By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this. By continuing to use the site, you agree to the use of cookies.more information

Close