Teekay LNG could delay DSME newbuilding

MLP granted option to push back delivery date of LNG carrier as it boosts adjusted earnings.

4 August 2016 8:20 GMT Updated 4 August 2016 8:45 GMT

By Nick Roumpis and Lucy Hine

Teekay LNG has reached an agreement with DSME that gives it the option to delay the delivery of an unemployed newbuilding as it pushed up second quarter adjusted earnings.

The company said it will decide later this year if it will change the delivery date of the MEGI LNG carrier Torben Spirit from February 2017 to December 2017.

It added that it is currently on the hunt for employment opportunities for the vessel.

Brokers