1st Heritage Class Shuttle Tanker Joins Teekay Offshore
- Business & Finance
Image Courtesy: Teekay
Teekay Offshore has taken delivery of Beothuk Spirit, the first of its three Heritage Class shuttle tankers, from Samsung Heavy Industries (SHI) shipyard in South Korea.
Currently, the 147,000 dwt Beothuk Spirit, which flies the flag of Canada, has a market value of USD 104.61 million, according to data provided by VesselsValue.
Named in August this year, the three newbuildings will provide crude transportation services in East Coast Canada.
Beothuk Spirit’s sister vessels, Norse Spirit and Dorset Spirit, are scheduled for delivery in November 2017 and in early 2018, respectively.
The 75,000 gross ton vessels will operate at Hibernia, Terra Nova, White Rose and Hebron offshore oil fields located in St. John’s, Newfoundland & Labrador.
The tankers will replace two in-charters and one owned vessel currently servicing a 15-year, plus extension options, contract with a group of companies that includes Chevron Canada, Exxon Mobil, Husky Energy, Mosbacher Operating, Murphy Oil, Nalcor Energy, Statoil and Suncor Energy.