Teekay Takes Delivery of Final Heritage-Class Shuttle Tanker

Business & Finance

 The third and final Heritage Class newbuilding shuttle tanker, M/T Dorset Spirit, has been handed over to Teekay by Samsung Heavy Industries (SHI).

The 147,000 dwt DP2 shuttle tanker joins its sister ships, the Beothuk Spirit and Norse Spirit, delivered in the fourth quarter of 2017.

Beothuk Spirit and Norse Spirit started their long-term charters in December 2017 and January 2018 respectively.

The Bahamas-flagged trio is intended to operate at Hibernia, Terra Nova, White Rose and Hebron offshore oil fields located in St. John’s, Newfoundland & Labrador.

These vessels are purpose-built to serve in the harsh environment on oilfields offshore East Coast of Canada where Teekay Offshore provides shuttle tanker services to a group of nine oil companies, according to Teekay.

The company said earlier that the ships will replace two in-charters and one owned vessel currently servicing this 15-year contract, plus extension options, with a consortium of 9 oil companies.

The consortium is membered by Chevron Canada, Exxon Mobil, Husky Energy, Mosbacher Operating, Murphy Oil, Nalcor Energy, Canada Hibernia, Statoil and Suncor Energy.