{"id":2196,"date":"2004-11-26T00:00:00","date_gmt":"2004-11-26T00:00:00","guid":{"rendered":"https:\/\/mercator.nfdtesting.uk\/propulsion-and-future-fuels-conference\/2004\/11\/26\/teekay-spin-off-lng-fleet-and-oil-tankers\/"},"modified":"2004-11-26T00:00:00","modified_gmt":"2004-11-26T00:00:00","slug":"teekay-spin-off-lng-fleet-and-oil-tankers","status":"publish","type":"post","link":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/news\/general-news\/teekay-spin-off-lng-fleet-and-oil-tankers\/","title":{"rendered":"Teekay spin off LNG fleet and oil tankers"},"content":{"rendered":"<p>Teekay Shipping, the world&#8217;s second-largest tanker company, plans to spin off its LNG tankers as a separately listed company, selling shares worth $110 million in an initial public offering.<\/p>\n<p>The Marshall Island-based unit, Teekay LNG Partners LP, plans to sell 5.5 million shares at an indicated price of $20 apiece. Citigroup and UBS Investment Bank, which are managing the sale, have an over-allotment option to issue another 825,000 shares.<\/p>\n<p><\/p>\n<p>Teekay LNG has three LNG tankers and five one million-barrel oil tankers which are all leased out on charters lasting as long as 20 years.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Teekay Shipping, the world&#8217;s second-largest tanker company, plans to spin off its LNG tankers as a separately listed company, selling shares worth $110 million in an initial public offering. The Marshall Island-based unit, Teekay LNG Partners LP, plans to sell 5.5 million shares at an indicated price of $20 apiece. Citigroup and UBS Investment Bank, [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"sponsor":[],"class_list":["post-2196","post","type-post","status-publish","format-standard","hentry","category-general-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/posts\/2196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/comments?post=2196"}],"version-history":[{"count":0,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/posts\/2196\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/media?parent=2196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/categories?post=2196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/tags?post=2196"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/sponsor?post=2196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}