BUSINESS

Teekay Names Latest Three Shuttle Tankers

11/09/2011

On November 4, Teekay hosted a triple naming ceremony in Stavanger, Norway for its three newest shuttle tankers. Over 200 locals came down to see the state of the art vessels; the Nansen Spirit, the Scott Spirit and the Peary Spirit, anchored in the harbor at the center of the city.

Teekay friends, families, including 150 children, customers, suppliers, partners, and crew saw the vessels christened with champagne and joined in the celebrations. Also on hand for the festivities were Sean Day, Teekay’s Chairman, Peter Evensen, Teekay’s CEO, and Ingvild Saether, President of Teekay’s Shuttle and Offshore division.

Key customers were also invited to attend an all-day shuttle forum to discuss industry issues.

Teekay Group

NYSE: TGP

Teekay LNG Partners L.P. generates stable cash flows from long-term fixed-rate contracts with strong counterparties. LNG demand is expected to grow by 50% by 2030

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NYSE: TOO

Teekay Offshore Partners L.P. generates stable cash flows from fixed-rate contracts and is the world’s largest owner and operator of shuttle contracts

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NYSE: TNK

Teekay Tankers Ltd. has a balanced chartering strategy of fixed-rate and spot market contracts that can pay a dividend in virtually any spot tanker market

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NYSE: TK

Teekay Corporation is financially strong with a unique business platform and leading positions in promising midstream marine growth sectors

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NYSE: TGP 36.44 -2.28 -5.89% Volume: 853,693 May 18, 2012

TOO stock

NYSE: TOO 26.74 -1.36 -4.84% Volume: 394,429 May 18, 2012

TNK Stock

NYSE: TNK 4.26 -0.24 -5.33% Volume: 1,829,916 May 18, 2012

TK Stock

NYSE: TK 27.60 -0.71 -2.51% Volume: 1,017,214 May 18, 2012