Teekay Offshore has increased its newbuilding orderbook after exercising an option for an additional DP2-rated shuttle tanker.

The vessel will be built at an undisclosed shipyard in South Korea for delivery in the first half of 2022. No financial terms were disclosed.

When the vessel is delivered it will join Teekay’s fleet of three existing Heritage class shuttle tankers that arrived off Canada between 2017 and 2018.