Teekay Offshore Partners confirmed the disposal of three older vessels and unveiled a fresh round of fundraising in financial results released on Tuesday.

It has sold the 126,955-dwt shuttle tanker Alexita Spirit (built 1998) and the 151,294-dwt shuttle tanker Nordic Spirit (built 2001) for $9m each.

The US-listed company said it expects to record a gain on the sale of about $1m per vessel in the second quarter of 2019.