July 26, 2013
Exciting news from Teekay LNG Partners: They’ve just signed an order for two 173,000 cubic meter LNG newbuildings, additional to the two LNG carriers ordered back in December 2012. These vessels will be designed with the M-type, Electronically Controlled, Gas Injection (MEGI) twin engines, and are expected to deliver in 2016.
“The delivery of these two additional vessels is timed to coincide with the next wave of increased demand for LNG carriers which is expected when a large number of new LNG export projects come on-stream commencing from late-2015,” commented Peter Evensen, Chief Executive Officer of Teekay GP LLC.
The vessels are among the largest LNG carriers that will be able to transit the Panama Canal after its expansion is complete. Plus, the Partnership secures future options from DSME which will enable it to order up to five additional LNG carrier newbuildings in the future. The order of these vessels is a reflection of the positive outlook of the LNG market in the coming future.
To learn all details about the contract with DSME, read the official release, follow us on Facebookand Twitter for more updates, and visit www.teekaylng.com.