Teekay LNG inks new charter as profit falls

Teekay LNG has won a fresh period charter for a newbuilding LNG carrier as it reported a smaller profit in the third quarter.

The US-listed owner posted adjusted net income of $32.1m, down from $53.8m at the same stage of last year.

It came on the back of $100.7m revenue, a small improvement from last year’s $99.2m.

With the new 10-month contract signed in November, Teekay LNG has now achieved coverage for its entire newbuilding fleet.

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