Teekay LNG’s Ethylene Gas Carriers Join Lauritzen Kosan Pool

Ship owner and operator Teekay LNG Partners has agreed to add its fleet of ethylene gas carriers to the Lauritzen Kosan pool.

Under the agreement with Lauritzen Kosan, the gas carrier division of Danish shipping firm J. Lauritzen, Teekay LNG’s seven modern ethylene gas carriers are scheduled to join the pool from March 1, 2019.

The vessels in question are the Camilla Spirit, Pan Spirit, Cathinka Spirit, Sonoma Spirit, Napa Spirit, Vision Spirit and Unikum Spirit, ranging from 5,500 cbm to 12,000 cbm. The ships were built between 2003 and 2011.

Together with Lauritzen Kosan’s 11 ethylene carriers, three ethylene carriers supplied by other owners, and Teekay LNG’s ethylene fleet, the Lauritzen Kosan pool would become one of the leading suppliers of ethylene carrying capacity in the smaller gas carrier size segment with a total of 21 units.

“We are proud to have Teekay LNG, a world leader in energy transportation, joining us in our strategy to service existing and new customers. This is an indication of our strong market position in the gas carrier industry,” Thomas Wøidemann, Lauritzen Kosan CEO, said.