Seapeak, Shell extend LNG carrier charter deal

Seapeak, previously known as Teekay LNG Partners, has extended a charter deal for one of its vessels with a unit LNG giant Shell.

In October 2023, the charterer of the LNG carrier Murex exercised the first of four three-year extension options at a fixed rate, according to Seapeak’s quarterly results report.

Seapeak said the three-year charter starts in November 2024, but it did not mention the name of the charterer.

Shell International Trading and Shipping Company announced back in November 2017 that the 173,000-cbm LNG carrier, Murex, joined Shell’s technically managed fleet.

Built by DSME, now Hanwha Ocean, Murex is 100 percent owned by Seapeak.

This is one of five new LNG carriers that Shell welcomed from Seapeak during 2017 and 2018 and these vessels are powered by M-type, electronically controlled, gas injection (ME-GI) engines.

Besides Murex, the other vessels include Macoma, Myrina, Megara, and Magdala.

Earlier this year, Shell also exercised the first of four three-year extension options at a fixed rate for the 2018-built 173,000-cbm LNG carrier, Myrina.

49 LNG carriers

Teekay LNG Partners rebranded as Seapeak last year following the completion of its $6.2 billion merger deal with private equity firm Stonepeak Infrastructure Partners.

As at September 30, 2023, the company’s LNG fleet included 49 LNG carriers, including five LNG carriers under construction.

It also operates midsize LPG carriers and multigas carriers and has a 30 percent interest in an LNG regasification terminal in Bahrain.

Seapeak sold the 1993-built LNG carrier, Seapeak Polar, in June for net proceeds of $14.7 million.

Brokers previously reported that the firm sold the 87,305-cbm LNG carrier for demolition.

Besides this vessel, the shipping firm also sold the 1993-built Seapeak Arctic LNG carrier in February for net proceeds of $14.9 million.

This vessels was sold for demolition as well.

Seapeak reported voyage revenues of $175.9 million for the three months ended September 30, compared to $146.5 million during the same period last year.

The company’s net income reached $117.2 million during the quarter, compared to $123.8 million last year.

- Advertisements -

Most Popular

Perenco takes stake in Golar LNG

London-based oil and gas firm Perenco has purchased a stake in floating LNG player Golar LNG. According to a SEC...

Singapore LNG bunkering volumes hit new record

Singapore’s liquefied natural gas (LNG) bunkering sales reached a new record in May, according to Singapore’s Maritime and Port...

Singapore’s Temasek says to sell Pavilion to Shell

Singapore's investment firm Temasek said it had agreed to sell 100 percent of its shares in Pavilion Energy to...

More News Like This

Singapore’s Temasek says to sell Pavilion to Shell

Singapore's investment firm Temasek said it had agreed to sell 100 percent of its shares in Pavilion Energy to...

Peru LNG boosts truck loading capacity

LNG terminal operator Peru LNG has increased the truck loading capacity at its 4.4 mtpa liquefaction and export plant...

Venture Global LNG’s customers get access to Calcasieu Pass documents

The US FERC has ordered LNG exporter Venture Global LNG to provide its customers with documents about the commissioning...

Gasum supplies bio-LNG to Metallica’s tour trucks

Finnish state-owned energy firm and LNG supplier, Gasum, delivered bio-LNG to Metallica's Iveco tour trucks in Finland. According to a...