Independent journal on economy and transport policy
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A.P. Møller-Mærsk sells the fleet of ships LNG to Teekay LNG and Marubeni
the transaction will have a value of 1.402 million dollars
October 12, 2011
Today shipowning group Danish A.P. Møller-Mærsk has signed an agreement with the Teekay LNG Partners, society of the Canadian group Teekay Corporation with center to the Bermudas, and the Japanese Marubeni Corporation in order to yield they it activity of which liquified natural marine gas transport operated from the Maersk branch LNG that has a fleet constituted from six ships LNG of entire property of its branches and from two ships of the same type of which it possesses 26% of the property.
The transaction, than is previewed will be completed within the end of this year, will include the entire fleet of Maersk LNG and will have a value of 1.402 million dollars. The cession will happen regarding joint venture participated with 52% from remaining Teekay LNG and 48% from Marubeni.
The ships of entire property of Maersk LNG are the units Maersk Methane, Maersk Marib and Maersk Arwa, constructed in 2008, the units Maersk Magellan and Woodside Donaldson, constructed in 2009, and the Maersk Meridian, constructed in 2010. The ships of which Maersk LNG it stops 26% of the property are the Maersk Ras Laffan, constructed in 2004, and the Maersk Qatar, constructed in 2006.
Currently five of the eight ships are operated within contracts to fixed hire of the average life remaining of about 17 years (with options in order extending the duration), while three ships are operated within contracts of chartering of inferior duration (of which with option in order extending the period over the long term).
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