LNG

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 lower third-quarter profits but was optimistic on the coming year.

Teekay LNG Partners, the US affiliate of the tanker fleet owner and operator of almost 50 LNG vessels, said it secured charters on three LNG carriers at attractive rates and was preparing to start the floating Bahrain LNG terminal in the Gulf as it swung to a net profit from a previous loss.