Teekay duo change hands

Two crude tankers in the fleet of Teekay Corp have been sold in $31.3m worth of deals, according to US and European shipbroker reports.

Related map

View the full map

In the larger of the two transactions, the Vancouver-headquartered tanker giant’s Teekay LNG Partners spin-off has sold the 160,000-dwt Huelva Spirit (built 2001) for $18.8m. The buyer is not disclosed.

Teekay acquired the Daewoo Shipbuilding & Marine Engineering-built suezmax as part of its 2004 takeover of the fleet of Spain’s Naviera F Tapias. Seasure Shipping’s valuation website VesselsValue.com lists the ship as worth an estimated $19.6m.

Brokers reported in March that the vessel had been sold for $21m, but that agreement never materialised.

In the second deal, China’s Sinokor is reported to have purchased Teekay’s chartered-in, 113,000-dwt Koa Spirit (built 1999) for $12.5m.

Built at Samsung Heavy Industries, the ship is owned by Dr Peters-controlled Teekay Spirit GMBG. The German owner bought the vessels from Teekay in 2003 with long-term charterback arrangements.

VesselsValue.com estimates the aframax tanker’s value at $12.9m.

New York-listed Teekay and Hamburg-based Dr Peters could not be immediately reached for confirmation.