- Teekay LNG Partners delivered very impressive performance navigating the COVID-19 pandemic, continuing its multi-year growth streak.
- The company's vessels are all contracted under long-term fixed-rate contracts, which provides it with a degree of market insulation.
- The LNG market remains strong, with demand up 4% year-over-year in the first half of the year despite the COVID-19 shutdowns.
- The company is very conservatively financed compared to its peers, providing us with an extra measure of security.
- The company boasts a very strong coverage ratio for its 9% distribution.
For further details see:
Teekay LNG Partners: A Conservatively Financed High-Yield LNG Tanker Company