Teekay supplying shuttle tankers to Brazil?
It is a tale as old as the company’s office in Rio de Janeiro, which was established in 2002.
The Teekay group was the first supplier of the dynamic-positioning vessels [in Brazil] and had an unofficial monopoly with state-energy giant Petrobras and its shipowning subsidiary Transpetro for nearly a decade.
Malaysian shipowner AET finally broke that stranglehold in 2010 as Petrobras sought to diversify its supplier base.
