Teekay small-scale fleet
Nov 16 (LNGJ) - Teekay LNG Partners, the US-listed affiliate of Teekay LNG, has established a division called the “Teekay Multigas Pool” for in-house commercial management of small-scale liquefied natural gas carriers and ethylene-capable liquefied petroleum gas (LPG) vessels. “The pool fleet is expected to reach at least 12 vessels by the end of 2017, including third-party partner vessels,” said Teekay. The company said the seven directly owned, ethylene-capable LPG carriers have been part of the Norgas fleet operated by I.M. Skaugen and the transition of these vessels into the Teekay Multigas Pool will start immediately. “We believe there are opportunities to consolidate the ethylene and small-scale LNG shipping sectors,” said Mark Kremin, President and Chief Executive of Teekay Gas Group Ltd.
