Cargotec's MacGregor has clinched a fleet deal with Teekay Shipping.

The Finnish group said it will provide the owner's 115 ships with spare parts, maintenance, training and project support for five years.

"We are happy that Teekay, one of our key customers, trusted MacGregor expertise to keep their fleet's cargo handling and mooring equipment working," said John Carnall, senior vice president of MacGregor global lifecycle support.