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Marine Log

October 26, 2006

Teekay signs agreement with AMO

A worldwide shortage of maritime officers with LNG qualifications looks to have promped Teekay Shipping to sign a collective bargaining agreement with a U.S. maritime union--American Maritime Officers, which is affiliated with the Seafarers International Union.

An announcement on the union's web site says an agreement has been signed. It gives scant information on what the agreement covers but notes that Teekay currently has an active fleet of four LNG carriers and has nine more LNG carriers on order.

AMO says that Teekay "has been seeking to integrate its LNG vessel operations with American officers licensed by the U.S. Coast Guard."

AMO members are the only U.S. licensed merchant marine officers with valid, recent LNG shipping experience and the union expects demand for their services to increase significantly as the international fleet of LNG carriers doubles--and the shortage of qualified LNG ship officers of every nationality deepens--by 2010.

More information regarding the collective bargaining agreement with Teekay will be forthcoming says AMO.

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