LNG

Teekay LNG Partners, the carrier fleet operator, posted a more than 14 percent increase in total cash flow from vessel operations of $150.1 million in the fourth quarter and $515.3M for all of fiscal 2018 as it forecast rising income from the company’s stake in the Bahrain LNG import project in the Gulf.

The liquefied natural gas shipping sector has seen its largest number of orders since 2014 as traditional and new entrants sign contracts with South Korean, Japanese and Chinese shipyards for vessels to handle the LNG production surge, while the impact has been felt in average annual charter rates.