Maersk LNG Sold To Teekay LNG/Marubeni JV

CFW wrote in May how Maersk LNG, the liquefied natural gas (LNG) subsidiary of the Danish shipping giant, was to be divested by the company. This was despite the LNG and FPSO (floating production storage and offloading) unit at Maersk making a profit of US$12mn in Q111. It has now been announced that the unit will be sold to a joint venture (JV) between Teekay LNG Partners and Marubeni for US$1.4bn. CFW believes the purchase is an attractive one as it already has an established customer base.

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