New York-listed Teekay Offshore says the takeover and the newbuildings at Niigata Shipbuilding & Repair of Japan carry an aggregate cost of $260m.
Peter Evensen, chief executive of Teekay Corp, said in a statement: "We believe ALP's operational capabilities and customer relationships in the growing long-haul ocean towage and offshore unit installation segment is a natural complement to Teekay Offshore's existing offshore project offering, which will provide the Partnership with another channel for accretive cash flow growth."
