Teekay Corp's gas shipping spin-off has fixed its entire LNG fleet on take-or-pay charters for the remainder of this year and secured 94% charter coverage for 2021, the company said in a first-quarter results statement.

Teekay LNG said it fixed its 165,500-cbm Marib Spirit (built 2008) which this month was chartered to a trading company for six months from mid-June.