Teekay LNG has struck a deal to receive part ownership of a gasship to cover unpaid charter hire from IM Skaugen but has also flagged up uncertainty about future payments.
The New York-listed spinoff of Teekay Corp said today that it reached the deal with the Norwegian shipowner to take over its 35% stake in Skaugen Gulf Petchem Carriers (SGPC).
The joint venture controls the 8,560-cbm Norgas Sonoma (built 2003), an ethylene and LPG carrier that VesselsValue says is worth $11.5m.
Teekay LNG, which is led by chief executive Peter Evensen (pictured) said in a securities filing that Skaugen offered the stake in lieu of $4.2m
