Teekay LNG Partners is proceeding with a follow-on equity offering.
Industry players expect the company to expand LPG/LNG fleet through the cash to total around $200m from investors.
“Teekay LNG Partners has five LPG carriers and given the current freight market in LPG, there could also be a potential LPG acquisition with attached charters,” said Erik Nikolai Stavseth of Arctic Securities.