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EXCELSIOR 9239616
EXMAR NV and Teekay LNG Partners L.P. (Teekay, NYSE: TGP) have reached an agreement in principle whereby Teekay will purchase a 50% interest in two of EXMAR’s LNG carriers: EXCELSIOR (2005-built LNGRV) and EXCALIBUR (2002-built conventional LNG) with an economic date of 1 September 2010. Both vessels are long-term time-chartered to Excelerate Energy. EXMAR will remain responsible for the management and operations of the vessels. Source: Exmar, http://www.exmar.be/PDF/Press/2010/TEEKAY%20Press%20release.pdf
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