Fleet owner Teekay LNG Partners follows Höegh LNG and GasLog into the hands of New York funds
Teekay LNG Partners has become the latest fleet owner to be targeted by a US investment fund with Stonepeak Infrastructure Partners setting up a deal worth $6.2 billion to acquire the Bermuda-based shipping line, which has a large portfolio of vessels under charter contracts and part ownership of a Middle East LNG import terminal.
Teekay LNG fleet advances on revenue front with take-or-pay charters with high-quality customers
Teekay LNG Partners, whose gas group units own, charter or have stakes in 77 vessels, including 47 liquefied natural gas carriers and 30 liquefied petroleum gas or multi-gas vessels, reported a first-quarter net loss while adjusted revenues increased.
Teekay LNG secures revolving credit facility from 13 banks and two new fixed-rate carrier charters
Teekay LNG, the shipping company with almost 50 LNG carriers in its fleet, said it secured new fixed-rate charters for two of its majority-owned LNG carriers successfully refinanced its existing $225 million unsecured revolving credit facility.
Teekay LNG Partners posts solid earnings on time-charters as Bahrain terminal starts up
Teekay LNG Partners recorded strong earnings for the fourth quarter and the full year after successfully completing its newbuild programme and securing attractive time-charters during the year amid the start-up of the Bahrain import project in the Gulf.
