Photo: Courtesy of Teekay

Teekay bags news deals for LNG carrier pair

Teekay LNG Partners has secured employment for two of its liquefied natural gas carriers.

Teekay bags news deals for LNG carrier pair
Courtesy of Teekay

The Bermuda-based LNG shipper said in a statement that in October 2020, the charterer of the 52 percent-owned LNG carrier Marib Spirit exercised its options to extend the current charter by 14 months.

Under the extension, Teekay LNG secured a higher charter rate. It has also extended the vessel’s charter coverage to early-2022.

Additionally, Teekay LNG said that in December 2020 it secured a two-year deal for Methane Spirit.

The partnership’s 52 per cent-owned joint venture with Marubeni Corporation secured the deal at a fixed rate with a one-year extension option.

The vessel is expected to commence its new contract after its current charter contract ends in March 2021.