Teekay signs shiprepair contract with Sembawang

With the signing of this long-term contract, Sembawang Shipyard can anticipate the refit and/or upgrade of six to eight Teekay vessels each year. In February 2011, Sembawang Shipyard repaired Teekay’s shuttle tanker, Navion Savonita, which is operated by Teekay Brazil. There are three other vessels scheduled for repairs in Sembawang Shipyard in the first half of 2011.

Capt Graham Westgarth, president of Teekay Marine Services said, “This ship-repair alliance is between two companies which are keen on having continuous improvement in their organisations thus enhancing their competitiveness. The alliance will benefit both organisations as we will maximise our ships’ trading days through safe repairs, better planning, quality enhancement and maximisation of resources utilisation. Through such processes, we will be able to carry out our dry dockings and upgrades in a safe, efficient and cost-effective way.

“The selection of Sembawang Shipyard as our exclusive alliance partner in Singapore is in line with Teekay’s global refit strategy to work towards achieving such continuous improvement in repair processes and implementing best practices across Teekay’s entire fleet. Sembawang Shipyard is internationally recognised for its safety track record and as one of the most technically competent and efficient repair yards in the world. We have had many positive experiences with Sembawang Shipyard, which laid the foundation for us to enter into this long-term partnership arrangement with the shipyard. More than these, the alliance is about trust and commitment between our two companies. We thus look forward to a long and successful partnership with Sembawang Shipyard.”