Teekay LNG has revealed its fleet of owned or chartered suezmaxes is likely to shrink from four to one in the coming months.

The shipowner said the owner of the 159,000-dwt Teide Spirit (built 2004) and Toledo Spirit (built 2005) has an option to cancel their charter 13 years after they started, ie from delivery.

In October, Teekay LNG was notified that this company, which it did not name, is marketing Teide Spirit for sale.