Aframax giant Teekay Shipping has signed a long-term contract to provide a floating, storage and offloading (FSO) facility for an offshore field development off Western Australia potentially worth up to AUD 100m ($ 57m).
Despite the freight rate surge in the Aframax sector the Vancouver-based tanker firm will convert its 106,700 dwt Pioneer Spirit (built 1988) for employment on the Legendre Project that is jointly operated by Woodside Energy (45.94%),
