AP Moller-Maersk is to book a profit of $80m after completing the sale of its LNG fleet.
The Danish giant said all regulatory hurdles for the $1.3bn deal were cleared on Tuesday and the sale of six of Maersk LNG’s eight ships to Teekay and Marubeni went through.
The joint venture of Qatar Shipping Co and French bank Societe Generale had exercised its option to buy out Maersk’s 26% ownership in the two oldest ships in the fleet — the 145,130-cbm Maersk Qatar (built 2006) and 138,270-cbm Maersk Ras Laffan (built 2004).
Teekay and Marubeni have formed Malt LNG Holdings to take over the company, with the Canadian owner set to take a 52% and the Japanese operation 48%.