Teekay Corporation

Fleet List as of December 1st, 2015

Teekay Offshore Partners Fleet List

Fixed-Rate Shuttle Tankers - Owned Percent Ownership DWT Year Built Flag
Navion Torinita 100% 106,852 1992 Bahamas
Navion Europa** 67% 130,319 1995 Bahamas
Navion Britannia 100% 124,238 1998 Bahamas
Navion Scandia 100% 126,749 1998 Bahamas
Stena Alexita* 50% 126,955 1998 Bahamas
Navion Marita 100% 103,895 1999 Bahamas
Navion Hispania 100% 126,183 1999 Canada
Navion Oceania 100% 126,355 1999 Bahamas
Navion Anglia 100% 126,360 1999 Bahamas
Stena Sirita* 50% 126,873 1999 Bahamas
Navion Bergen 100% 105,641 2000 Bahamas
Navion Oslo 100% 100,257 2001 Bahamas
Stena Natalita* 50% 108,073 2001 Bahamas
Stena Spirit* 50% 151,293 2001 Bahamas
Nordic Spirit 100% 151,294 2001 Bahamas
Petronordic 100% 92,995 2002 Bahamas
Petroatlantic 100% 92,968 2003 Bahamas
Navion Stavanger 100% 148,729 2003 Bahamas
Nordic Rio* 50% 151,294 2004 Bahamas
Nordic Brasilia 100% 151,294 2004 Bahamas
Navion Gothenburg* 50% 152,244 2006 Bahamas
Amundsen Spirit 100% 106,000 2010 Bahamas
Nansen Spirit 100% 106,000 2010 Bahamas
Peary Spirit 100% 106,000 2011 Bahamas
Scott Spirit 100% 106,000 2011 Bahamas
Samba Spirit 100% 154,000 2013 Bahamas
Lambada Spirit 100% 154,000 2013 Bahamas
Bossa Nova Spirit 100% 154,000 2013 Bahamas
Sertanejo Spirit 100% 154,000 2013 Bahamas

(* 50% owned through joint ventures)

(** 67% owned through a joint venture)
Subtotal 29

Fixed-Rate Shuttle Tankers - In-chartered Percent Ownership DWT Year Built Flag
Aberdeen * 87,055 1996 Bahamas
Jasmine Knutsen * 147,500 2005 Canada
Heather Knutsen * 148,644 2005 Canada

Subtotal 3

Fixed-Rate Shuttle Tankers - On Order Percent Ownership DWT Year Built Flag
Shuttle NB #1 100% 155,000 2017
Shuttle NB #2 100% 155,000 2017
Shuttle NB #3 100% 155,000 2018

Subtotal 3

HiLoad Dynamic Positioning Unit - Owned Percent Ownership GT Year Built Flag
HiLoad DP No. 1 100% 1,697 2010 Cyprus

Subtotal 1

Conventional Tankers - Owned Percent Ownership DWT Year Built Flag

Fuji Spirit 100% 106,360 2003 Bahamas
Kilimanjaro Spirit 100% 115,048 2004 Bahamas
SPT Explorer 100% 106,000 2008 Bahamas
Navigator Spirit 100% 106,000 2008 Bahamas

Subtotal 4

Fixed-Rate Floating Storage Offtake Vessels (FSO) - Owned Percent Ownership DWT Year Built Flag
Apollo Spirit 89% 129,019 1978 Liberia
Dampier Spirit 100% 106,668 1987 Bahamas
Pattani Spirit 100% 113,805 1988 Bahamas
Navion Saga 100% 149,000 1991 Bahamas
Falcon Spirit 100% 124,472 1986 Bahamas
Suksan Salamander 100% 78,228 1993 Bahamas
 Subtotal 6

Fixed-Rate Floating Storage Offtake Vessels (FSO) - Under Conversion Percent Ownership DWT Year Built Flag
Randgrid (Gina Krog FSO) 100% 124,502 1995 Bahamas

Subtotal 1

Processing Cap.
Fixed-Rate Floating Production Storage Offtake Vessels - Owned Percent Ownership (bbl/day) Year Built Flag
Petrojarl Varg 100% 57,000 1998 Bahamas
Petrojarl Cidade de Rio das Ostras 100% 25,000 1981 Bahamas
Petrojarl I 100% 46,000 1986 Bahamas
Voyageur Spirit 100% 30,000 2008 Bahamas
Piranema Spirit 100% 30,000 2007 Bahamas
Petrojarl Cidade de Itajai 50% 80,000 2012 Bahamas
Petrojarl Knarr 100% 63,000 2014 Bahamas

Subtotal 7

Processing Cap.
Fixed-Rate Floating Production Storage Offtake Vessels - Under Conversion Percent Ownership (bbl/day) Year Built Flag
Navion Norvegia (Libra FPSO) 100% - 1995 Bahamas

Subtotal 1

Unit for Maintenance and Safety - Owned Percent Ownership Berths Year Built Flag
Arendal Spirit 100% 500 2015 Bahamas

Subtotal 1

Unit for Maintenance and Safety - On Order Percent Ownership Berths Year Built Flag
Floating Accommodation Unit - N381 100% 500 2015
Floating Accommodation Unit - N675 100% 500 2016

Subtotal 2

Bollard Pull
Long Distance Towing and Anchor Handling Vessels - Owned Percent Ownership (tonnes) Year Built Flag
ALP Ace 100% 197 2006 Netherlands
ALP Winger 100% 220 2007 Netherlands
ALP Ippon 100% 207 2007 Netherlands
ALP Forward 100% 220 2008 Netherlands
ALP Guard 100% 301 2009 Netherlands
ALP Centre 100% 306 2010 Netherlands

Subtotal 6

Bollard Pull
Long Distance Towing and Anchor Handling Vessels - On Order Percent Ownership (tonnes) Year Built Flag
Niigata Hull N-0081 100% 300 2016
Niigata Hull N-0082 100% 300 2016
Niigata Hull N-0083 100% 300 2016
Niigata Hull N-0084 100% 300 2016

Subtotal 4

Teekay Offshore Partners Fleet List Number of Vessels

Chartered-in
Owned Vessels Vessels Newbuildings on Order Total
Shuttle Tankers 29 3 3 35
HiLoad Dynamic Positioning Unit 1 - - 1
Conventional Tankers 4 - - 4
Floating Storage & Offtake ("FSO") Vessels 6 - 1 7
Floating Production Storage & Offtake ("FPSO") Units 7 - 1 8
Unit for Maintenance and Safety ("UMS") 1 - 2 3
Long Distance Towing and Anchor Handling Vessels 6 4 10
Total 54 3 11 68

Teekay LNG Partners Fleet List

Fixed-Rate LNG Carriers Percent Ownership CBM Year Built Flag
Arctic Spirit 100% 87,305 1993 Bahamas
Polar Spirit 100% 87,305 1993 Bahamas
Excalibur 50% 138,000 2002 Belgium
Hispania Spirit 100% 137,814 2002 Spain
Catalunya Spirit 100% 135,423 2003 Spain
Galicia Spirit 100% 137,814 2004 Spain
Madrid Spirit 100% 135,423 2004 Spain
Excelsior 50% 138,087 2005 Belgium
Al Marrouna 70% 149,539 2006 Bahamas
Al Areesh 70% 148,786 2007 Bahamas
Al Daayen 70% 148,853 2007 Bahamas
Methane Spirit 52% 165,500 2008 Singapore
Marib Spirit 52% 165,500 2008 Marshall Islands
Arwa Spirit 52% 165,500 2008 Marshall Islands
Tangguh Hiri 70% 151,885 2008 Bahamas
Al Huwaila 40% 214,176 2008 Bahamas
Al Kharsaah 40% 214,198 2008 Bahamas
Al Shamal 40% 213,536 2008 Bahamas
Al Khuwair 40% 213,101 2008 Bahamas
Magellan Spirit 52% 165,500 2009 Danish Int'l Reg.
Tangguh Sago 70% 155,000 2009 Bahamas
Woodside Donaldson 52% 165,500 2009 Singapore
Meridian Spirit 52% 165,500 2010 Danish Int'l Reg.
Soyo 33% 160,400 2011 Bahamas
Malanje 33% 160,400 2011 Bahamas
Lobito 33% 160,400 2011 Bahamas
Cubal 33% 160,400 2012 Bahamas
Wilforce 100% 155,900 2013 Norwegian Int'l Reg.
Wilpride 100% 155,900 2013 Norwegian Int'l Reg.

Subtotal 29

Fixed-Rate LNG Carrier Newbuildings Percent Ownership CBM Year Built Flag
MEGI LNG - Hull 2407 100% 173,000 2016
MEGI LNG - Hull 2408 100% 173,000 2016
MEGI LNG - Hull 2411 100% 173,000 2017
MEGI LNG - Hull 2416 100% 173,000 2017
MEGI LNG - Hull 2417 100% 173,000 2017
MEGI LNG - Hull 2453 100% 173,000 2018
MEGI LNG - Hull 2454 100% 173,000 2018
MEGI LNG - Hull 2455 100% 173,000 2018
MEGI LNG - Hull 2461 100% 173,000 2018
Hudong Zhonghua LNG - Hull 1663 30% 174,000 2017
Hudong Zhonghua LNG - Hull 1664 30% 174,000 2018
Hudong Zhonghua LNG - Hull 1665 20% 174,000 2018
Hudong Zhonghua LNG - Hull 1666 20% 174,000 2019
ARC7 Icebreaker LNG - Hull 2423 50% 172,000 2018
ARC7 Icebreaker LNG - Hull 2425 50% 172,000 2018
ARC7 Icebreaker LNG - Hull 2430 50% 172,000 2019
ARC7 Icebreaker LNG - Hull 2431 50% 172,000 2019
ARC7 Icebreaker LNG - Hull 2433 50% 172,000 2020
ARC7 Icebreaker LNG - Hull 2434 50% 172,000 2020
MEGI LNG - Hull S856 100% 174,000 2019
MEGI LNG - Hull S857 100% 174,000 2019

Subtotal 21

LPG Carrier - Owned Percent Ownership CBM Year Built Flag

Courcheville 50% 28,006 1989 Belgium
Kemira Gas 50% 12,030 1995 Belgium
Touraine 50% 39,270 1996 Hong Kong
Brugge Venture 50% 35,418 1997 Hong Kong
Eupen 50% 38,961 2005 Belgium
Bastogne 50% 35,229 2002 Belgium
Norgas Napa 100% 10,200 2003 Singapore
Libramont 50% 38,455 2006 Belgium
Sombeke 50% 38,447 2006 Belgium
Norgas Pan 100% 10,000 2009 Singapore
Norgas Cathinka 100% 10,000 2009 Singapore
Norgas Camilla 100% 10,000 2011 Singapore
Norgas Unikum 100% 12,000 2011 Singapore
Norgas Vision 100% 12,000 2011 Singapore
Waasmuntster 50% 38,000 2014 Belgium
Warinsart 50% 38,000 2014 Belgium
Waregem 50% 38,000 2014 Belgium
Warisoulx 50% 38,000 2015 Belgium
Kaprijke 50% 38,000 2015 Belgium

Subtotal 19

LPG Carrier - In-chartered Percent Ownership CBM Year Built Flag

Brussels * 35,454 1997 Belgium
Antwerpen * 35,223 2005 Hong Kong
Odin * 38,501 2005 Singapore
BW Tokyo * 81,605 2009 Singapore

Subtotal 4

LPG Carrier - Newbuildings Percent Ownership CBM Year Built Flag

HHIC Hull P0101 50% 38,000 2016 Belgium
HHIC Hull P0102 50% 38,000 2016 Belgium
HHIC Hull P0103 50% 38,000 2016 Belgium
HHIC Hull P0126 50% 38,000 2017 Belgium
HHIC Hull P0127 50% 38,000 2017 Belgium
HHIC Hull P0135 50% 38,000 2017 Belgium
HHIC Hull P0137 50% 38,000 2018 Belgium

Subtotal 7

Fixed-rate Conventional Tankers - Owned Percent Ownership DWT Year Built Flag
African Spirit 100% 151,736 2003 Bahamas
European Spirit 100% 151,849 2003 Bahamas
Teide Spirit * 149,999 2004 Spain
Asian Spirit 100% 151,693 2004 Bahamas
Toledo Spirit * 159,342 2005 Spain
Bermuda Spirit 100% 159,000 2009 Bahamas
Hamilton Spirit 100% 159,000 2009 Bahamas

Subtotal 7

Fixed-rate Product Tankers - Owned Percent Ownership DWT Year Built Flag
Alexander Spirit 100% 40,083 2007 Bahamas

Subtotal 1

Teekay LNG Partners Fleet List Number of Vessels

Chartered-in
Newbuildings on Order
Owned Vessels vessels Total
LNG Carriers 29 - 21 50
LPG Carriers 19 4 7 30
Suezmax Tankers 7 - - 7
Product Tanker 1 - - 1
Total 56 4 28 88

Teekay Tankers Fleet List

Conventional Tankers - Owned Percent Ownership DWT Year Built Flag

Product Tanker
Teesta Spirit 100% 46,921 2004 Bahamas
Hugli Spirit 100% 46,889 2005 Bahamas
Donegal Spirit 100% 105,200 2006 Bahamas
Galway Spirit 100% 105,200 2007 Bahamas
Limerick Spirit 100% 105,200 2007 Bahamas
Seletar Spirit 100% 109,001 2010 Bahamas
Sebarok Spirit 100% 109,581 2011 Bahamas
Luzon Spirit 100% 109,581 2011 Bahamas
Leyte Spirit 100% 109,676 2011 Bahamas
Aframax
Kanata Spirit 100% 113,022 1999 Bahamas
Kareela Spirit 100% 113,144 1999 Bahamas
Kyeema Spirit 100% 113,357 1999 Bahamas
Americas Spirit 100% 111,920 2003 Bahamas
Australian Spirit 100% 111,905 2004 Bahamas
Everest Spirit 100% 115,048 2004 Bahamas
Axel Spirit 100% 115,392 2004 Bahamas
Esther Spirit 100% 115,444 2004 Bahamas
Matterhorn Spirit 100% 114,834 2005 Bahamas
Helga Spirit 100% 115,515 2005 Bahamas
Erik Spirit 100% 115,526 2005 Bahamas
Yamato Spirit 100% 107,617 2008 Bahamas
Suezmax
Yamuna Spirit 100% 159,435 2002 Bahamas
Ganges Spirit 100% 159,453 2002 Bahamas
Narmada Spirit 100% 159,199 2003 Malta
Ashkini Spirit 100% 165,209 2003 Bahamas
Iskmati Spirit 100% 165,293 2003 Bahamas
Kaveri Spirit 100% 159,100 2004 Bahamas
Godavari Spirit 100% 159,106 2004 Malta
Seoul Spirit 100% 159,966 2005 Bahamas
Montreal Spirit 100% 149,997 2006 Bahamas
Tokyo Spirit 100% 149,996 2006 Bahamas
Los Angeles Spirit 100% 159,223 2007 Bahamas
Pinnacle Spirit 100% 160,389 2008 Bahamas
Summit Spirit 100% 160,451 2008 Bahamas
Zenith Spirit 100% 160,510 2009 Bahamas
Beijing Spirit 100% 156,493 2010 Bahamas
Moscow Spirit 100% 156,493 2010 Bahamas
Atlanta Spirit 100% 158,650 2011 Bahamas
London Spirit 100% 158,650 2011 Bahamas
Barcelona Spirit 100% 158,482 2011 Bahamas
Athens Spirit 100% 158,529 2012 Bahamas
Sydney Spirit 100% 158,542 2012 Bahamas
Rio Spirit 100% 158,368 2013 Bahamas
VLCC
Hong Kong Spirit 50% 319,000 2013 Hong Kong

Subtotal 44

Conventional Tankers - In-chartered Percent Ownership DWT Year Built Flag

Product Tanker
Four Wind * 115,728 2009 Italy
Swarna Kamal * 104,903 2010 India
FPMC P Hero * 114,380 2011 Liberia
Aframax
Blue River * 106,638 2002 Liberia
Desh Bhakt * 113,928 2003 India
Astro Saturn * 105,167 2003 Greece
BM Breeze * 105,387 2008 Panama
Yasa Golden Dardanelles * 110,828 2008 Marshall Islands
Yasa Golden Marmara * 110,769 2008 Marshall Islands
SN Claudia * 109,266 2009 Italy
RBD Anema E Core * 108,958 2010 Italy
Maersk Jamnagar * 104,588 2011 Panama

Subtotal 12

Teekay Tankers Fleet List Number of Vessels

Chartered-in
Owned Vessels Newbuildings on Order
vessels Total
Product Tankers 9 3 #REF! #REF!
Aframax Tankers 12 9 - 21
Suezmax Tankers 22 - - 22
VLCC Tankers 1 - - 1
Total 44 12 #REF! #REF!

Teekay Corporation Fleet List

Aframax Tankers - In-chartered Percent Ownership DWT Year Built Flag

Constitution Spirit * 104,622 1999 Marshall Islands
Sentinel Spirit * 104,623 1999 Marshall Islands

Subtotal 2

VLCC - Owned Percent Ownership DWT Year Built Flag

Shoshone Spirit 100% 320,327 2011 Marshall Islands

Subtotal 1
 Processing Cap.
Fixed-Rate Floating Production Storage Offtake Vessels - Owned Percent Ownership (bbl/day) Year Built Flag
Petrojarl Foinaven 100% 140,000 1998 Bahamas
Petrojarl Banff 100% 95,000 1998 Isle of Man
Hummingbird Spirit 100% 30,000 2007 Bahamas

Subtotal 3

Bollard Pull
Infield Support Vessels - On Order Percent Ownership (tonnes) Year Built Flag
Hull H1097 50% 100 2016
Hull H1098 50% 100 2016
Hull H1099 50% 100 2016

Subtotal 3

Teekay Corporation Fleet List Number of Vessels

Chartered-in Newbuildings /
Owned Vessels Vessels Conversions Total
Spot Tanker Fleet:
VLCC 1 - - 1
Aframaxes - 2 - 2
Total Spot Tankers 1 2 - 3
Fixed-rate Fleet
Floating Production Storage & Offtake ("FPSO") Units 3 - - 3
Infield Support Vessels 3 3
Total Fixed Rate 3 - 3 6
Total 4 2 3 9
Teekay Corporation
Fleet List as of December 1st, 2015

Aframax - Owned Series/Yard Hull Type Percent Ownership DWT Year Built Flag
Kareela Spirit Samsung Double Hull 100% 113,144 1999 Bahamas
Kyeema Spirit Samsung Double Hull 100% 113,357 1999 Bahamas
Kanata Spirit Samsung Double Hull 100% 113,022 1999 Bahamas
Fuji Spirit Tsuneishi Double Hull 100% 106,360 2003 Bahamas
Matterhorn Spirit Daewoo (Ice Class) Double Hull 100% 114,834 2005 Bahamas
Yamato Spirit Tsuneishi Double Hull 100% 107,617 2008 Bahamas
Tarbet Spirit Tsuneishi Double Hull 100% 107,529 2009 Bahamas
Emerald Spirit Hudong Zhonghua Double Hull 100% 109,060 2009 Bahamas
Garibaldi Spirit Hudong Zhonghua Double Hull 100% 109,000 2009 Bahamas
Whistler Spirit Hudong Zhonghua Double Hull 100% 109,000 2010 Bahamas
Blackcomb Spirit Hudong Zhonghua Double Hull 100% 109,000 2010 Bahamas
Peak Spirit Sumitomo Double Hull 100% 104,621 2011 Hong Kong

Subtotal 12

Aframax - In Chartered Series/Yard Hull Type Percent Ownership DWT Year Built Flag
Sentinel Spirit Samsung Double Hull * 104,623 1999 Marshall Islands
Blue River Tsuneishi Double Hull * 106,638 2002 Liberia
Desh Bhakt Hyundai Double Hull * 113,928 2003 India
Constitution Spirit Samsung Double Hull * 104,622 2003 Marshall Islands
Astro Saturn Daewoo Double Hull * 105,167 2003 Greece
BM Breeze Sumitomo Double Hull * 105,387 2005 Panama
Yasa Golden Dardanelles Mitsui SB Double Hull * 110,828 2008 Marshall Islands
Yasa Golden Marmara Mitsui SB Double Hull * 110,769 2008 Marshall Islands
SN Claudia Hudong Zhonghua Double Hull * 109,266 2009 Italy
RBD Anema E Core Hudong Zhonghua Double Hull * 108,958 2010 Italy
Rich Duke II Sumitomo Double Hull * 104,588 2011 Panama

Subtotal 11

Product Tanker - In Chartered Series/Yard Hull Type Percent Ownership DWT Year Built Flag
Four Wind Samsung Double Hull * 115,728 2009 Italy
Swarna Kamal Hyundai Double Hull * 104,903 2010 India
FPMC P Hero Sasebo Double Hull * 114,380 2011 Liberia

Subtotal 3

Suezmax - Owned Series/Yard Hull Type Percent Ownership DWT Year Built Flag
Ganges Spirit Hyundai Double Hull 100% 159,453 2002 Bahamas
Yamuna Spirit Hyundai Double Hull 100% 159,435 2002 Bahamas
Iskmati Spirit Hyundai Samho Double Hull 100% 165,209 2003 Bahamas
Ashkini Spirit Hyundai Samho Double Hull 100% 165,293 2003 Bahamas
Narmada Spirit Hyundai Double Hull 100% 159,199 2003 Malta
Kaveri Spirit Hyundai Double Hull 100% 159,100 2004 Bahamas
Seoul Spirit Daewoo Double Hull 100% 159,966 2005 Bahamas
Montreal Spirit Universal Double Hull 100% 149,997 2006 Bahamas
Tokyo Spirit Universal Double Hull 100% 149,996 2006 Bahamas
Los Angeles Spirit Hyundai Double Hull 100% 159,223 2007 Bahamas
Summit Spirit Samsung Double Hull 100% 160,451 2008 Bahamas
Pinnacle Spirit Samsung Double Hull 100% 160,389 2008 Bahamas
Tianlong Spirit Bohai Double Hull 100% 159,000 2009 Bahamas
Jiaolong Spirit Bohai Double Hull 100% 159,000 2009 Bahamas
Shenlong Spirit Bohai Double Hull 100% 159,000 2009 Bahamas
Dilong Spirit Bohai Double Hull 100% 159,000 2009 Bahamas
Baker Spirit Rongsheng Double Hull 100% 156,929 2009 Bahamas
Cascade Spirit Rongsheng Double Hull 100% 156,853 2009 Bahamas
Aspen Spirit Rongsheng Double Hull 100% 157,813 2009 Bahamas
Vail Spirit Rongsheng Double Hull 100% 157,048 2009 Bahamas
Copper Spirit Rongsheng Double Hull 100% 156,827 2010 Bahamas
Tahoe Spirit Rongsheng Double Hull 100% 156,871 2010 Bahamas
Beijing Spirit Rongsheng Double Hull 100% 156,493 2010 Bahamas
Moscow Spirit Rongsheng Double Hull 100% 156,493 2010 Bahamas
Atlanta Spirit Samsung Double Hull 100% 158,650 2011 Bahamas
London Spirit Samsung Double Hull 100% 158,650 2011 Bahamas
Barcelona Spirit Samsung Double Hull 100% 158,482 2011 Bahamas
Athens Spirit Samsung Double Hull 100% 158,529 2012 Bahamas
Sydney Spirit Samsung Double Hull 100% 158,542 2012 Bahamas
Rio Spirit Samsung Double Hull 100% 158,368 2013 Bahamas

Subtotal 30

VLCC - Owned Series/Yard Hull Type Percent Ownership DWT Year Built Flag
Hemsedal Spirit Daewoo Double Hull 100% 320,106 2010 Marshall Islands
Voss Spirit Daewoo Double Hull 100% 320,041 2010 Marshall Islands
Shoshone Spirit Daewoo Double Hull 100% 320,327 2011 Marshall Islands

Subtotal 3

Large Product Tankers - Owned Series/Yard Hull Type Percent Ownership DWT Year Built Flag
Teesta Spirit Hyundai Double Hull 100% 46,921 2004 Bahamas
Hugli Spirit Hyundai Double Hull 100% 46,889 2005 Bahamas
Donegal Spirit Hyundai Double Hull 100% 105,200 2006 Bahamas
Galway Spirit Hyundai Double Hull 100% 105,200 2007 Bahamas
Limerick Spirit Hyundai Double Hull 100% 105,200 2007 Bahamas
Seletar Spirit Hudong Zhonghua Double Hull 100% 109,001 2010 Bahamas
Sebarok Spirit Hudong Zhonghua Double Hull 100% 109,581 2011 Bahamas
Luzon Spirit Hudong Zhonghua Double Hull 100% 109,581 2011 Bahamas
Leyte Spirit Hudong Zhonghua Double Hull 100% 109,676 2011 Bahamas
Hovden Spirit Hyundai Double Hull 100% 105,276 2012 Marshall Islands
Trysil Spirit Hyundai Double Hull 100% 105,276 2012 Marshall Islands

Subtotal 11

Fixed-Rate Shuttle Tankers - Owned Series/Yard Hull Type Percent Ownership DWT Year Built Flag
Navion Torinita Tsuneishi Double Hull 100% 106,852 1992 Bahamas
Navion Marita Samsung Double Hull 100% 103,895 1999 Bahamas
Navion Bergen Sumitomo Double Hull 100% 105,641 2000 Bahamas
Navion Oslo Samsung Double Hull 100% 100,257 2001 Bahamas
Stena Natalita* Tsuneishi Double Hull 50% 108,073 2001 Bahamas
Petronordic Samsung Double Hull 100% 92,995 2002 Bahamas
Petroatlantic Samsung Double Hull 100% 92,968 2003 Bahamas
Navion Europa** A.E.S.A. Double Hull 67% 130,319 1995 Bahamas
Navion Britannia A.E.S.A. Double Hull 100% 124,238 1998 Bahamas
Navion Scandia A.E.S.A. Double Hull 100% 126,749 1998 Bahamas
Stena Alexita* Tsuneishi Double Hull 50% 126,955 1998 Bahamas
Navion Hispania A.E.S.A. Double Hull 100% 126,183 1999 Canada
Navion Oceania A.E.S.A. Double Hull 100% 126,355 1999 Bahamas
Navion Anglia A.E.S.A. Double Hull 100% 126,360 1999 Bahamas
Stena Sirita* Tsuneishi Double Hull 50% 126,873 1999 Bahamas
Stena Spirit* Samsung Double Hull 50% 151,293 2001 Bahamas
Nordic Spirit Samsung Double Hull 100% 151,294 2001 Bahamas
Navion Stavanger Samsung Double Hull 100% 148,729 2003 Bahamas
Nordic Rio* Samsung Double Hull 50% 151,294 2004 Bahamas
Nordic Brasilia Samsung Double Hull 100% 151,294 2004 Bahamas
Navion Gothenburg* Samsung Double Hull 50% 152,244 2006 Bahamas
Amundsen Spirit Samsung Double Hull 100% 106,000 2010 Bahamas
Nansen Spirit Samsung Double Hull 100% 106,000 2010 Bahamas
Peary Spirit Samsung Double Hull 100% 106,000 2011 Bahamas
Scott Spirit Samsung Double Hull 100% 106,000 2011 Bahamas
Samba Spirit Samsung Double Hull 100% 154,000 2013 Bahamas
Lambada Spirit Samsung Double Hull 100% 154,000 2013 Bahamas
Bossa Nova Spirit Samsung Double Hull 100% 154,000 2013 Bahamas
Sertanejo Spirit Samsung Double Hull 100% 154,000 2013 Bahamas

(* 50% owned through joint venture)

(** 67% owned through a joint venture)
Subtotal 29

Fixed-Rate Shuttle Tankers - In-chartered Series/Yard Hull Type Percent Ownership DWT Year Built Flag
Aberdeen A.E.S.A. Double Hull * 87,055 1996 Bahamas
Jasmine Knutsen Samsung Double Hull * 147,500 2005 Canada
Heather Knutsen Samsung Double Hull * 148,644 2005 Canada

Subtotal 3

Fixed-Rate Shuttle Tankers - On Order Series/Yard Hull Type Percent Ownership DWT Year Built Flag
Shuttle NB #1 Samsung Double Hull 100% 155,000 2017 ###
Shuttle NB #2 Samsung Double Hull 100% 155,000 2017 ###
Shuttle NB #3 Samsung Double Hull 100% 155,000 2018 ###

Subtotal 3

HiLoad Dynamic Positioning Unit - Owned Series/Yard Hull Type Percent Ownership GT Year Built Flag
HiLoad DP No. 1 Aibel AS - 100% 1,697 2010 Cyprus

Subtotal 1

Fixed-rate Conventional Tankers - Owned Series/Yard Hull Type Percent Ownership DWT Year Built Flag
Product Tankers
Alexander Spirit SLS Double Hull 100% 40,083 2007 Bahamas
Aframaxes
Americas Spirit Hyundai Double Hull 100% 111,920 2003 Bahamas
Kilimanjaro Spirit Daewoo Double Hull 100% 115,048 2004 Bahamas
Australian Spirit Hyundai Double Hull 100% 111,905 2004 Bahamas
Axel Spirit Samsung Double Hull 100% 115,392 2004 Bahamas
Esther Spirit Samsung Double Hull 100% 115,444 2004 Bahamas
Everest Spirit Daewoo Double Hull 100% 115,048 2004 Bahamas
Helga Spirit Samsung Double Hull 100% 115,515 2005 Bahamas
Erik Spirit Samsung Double Hull 100% 115,526 2005 Bahamas
SPT Explorer Tsuneishi Double Hull 100% 106,000 2008 Bahamas
Navigator Spirit Tsuneishi Double Hull 100% 106,000 2008 Bahamas
Suezmaxes
African Spirit Hyundai Double Hull 100% 151,736 2003 Bahamas
European Spirit Hyundai Double Hull 100% 151,849 2003 Bahamas
Asian Spirit Hyundai Double Hull 100% 151,693 2004 Bahamas
Godavari Spirit Hyundai Double Hull 100% 159,106 2004 Malta
Zenith Spirit Samsung Double Hull 100% 160,510 2009 Bahamas
Bermuda Spirit Hyundai Samho Double Hull 100% 159,000 2009 Bahamas
Hamilton Spirit Hyundai Samho Double Hull 100% 159,000 2009 Bahamas
VLCCs
Hong Kong Spirit Waigaoqiao Double Hull 50% 319,000 2013 Hong Kong

Subtotal 19

Fixed Rate Conventional Tanker - In-chartered Series/Yard Hull Type Percent Ownership DWT Year Built Flag
Suezmaxes
Teide Spirit Daewoo Double Hull * 149,999 2004 Spanish
Toledo Spirit Daewoo Double Hull * 159,342 2005 Spanish

Subtotal 2

Fixed Rate LNG Carriers - Owned Series/Yard Hull Type Percent Ownership CBM Year Built Flag
Arctic Spirit IHI Double Hull 100% 87,305 1993 Bahamas
Polar Spirit IHI Double Hull 100% 87,305 1993 Bahamas
Excalibur Daewoo Double Hull 50% 138,000 2002 Belgium
Hispania Spirit Daewoo Double Hull 100% 137,814 2002 Spain
Catalunya Spirit Izar Double Hull 100% 135,423 2003 Spain
Galicia Spirit Daewoo Double Hull 100% 137,814 2004 Spain
Madrid Spirit Izar Double Hull 100% 135,423 2004 Spain
Excelsior Daewoo Double Hull 50% 138,087 2005 Belgium
Al Marrouna Daewoo Double Hull 70% 149,539 2006 Bahamas
Al Areesh Daewoo Double Hull 70% 148,786 2007 Bahamas
Al Daayen Daewoo Double Hull 70% 148,853 2007 Bahamas
Methane Spirit Samsung Double Hull 52% 165,500 2008 Singapore
Marib Spirit Samsung Double Hull 52% 165,500 2008 Marshall Islands
Arwa Spirit Samsung Double Hull 52% 165,500 2008 Marshall Islands
Tangguh Hiri Hyundai Double Hull 70% 151,885 2008 Bahamas
Al Huwaila Samsung Double Hull 40% 214,176 2008 Bahamas
Al Kharsaah Samsung Double Hull 40% 214,198 2008 Bahamas
Al Shamal Samsung Double Hull 40% 213,536 2008 Bahamas
Al Khuwair Samsung Double Hull 40% 213,101 2008 Bahamas
Magellan Spirit Samsung Double Hull 52% 165,500 2009 Danish Int'l Reg.
Tangguh Sago Hyundai Samho Double Hull 70% 155,000 2009 Bahamas
Woodside Donaldson Samsung Double Hull 52% 165,500 2009 Singapore
Meridian Spirit Samsung Double Hull 52% 165,500 2010 Danish Int'l Reg.
Soyo Samsung Double Hull 33% 160,400 2011 Bahamas
Malanje Samsung Double Hull 33% 160,400 2011 Bahamas
Lobito Samsung Double Hull 33% 160,400 2011 Bahamas
Cubal Samsung Double Hull 33% 160,400 2012 Bahamas
Wilforce Daewoo Double Hull 100% 155,900 2013 Norwegian Int'l Reg.
Wilpride Daewoo Double Hull 100% 155,900 2013 Norwegian Int'l Reg.

29

Fixed Rate LNG Carrier Newbuildings Series/Yard Hull Type Percent Ownership CBM Year Built Flag
MEGI LNG - Hull 2407 Daewoo Double Hull 100% 173,000 2016 ###
MEGI LNG - Hull 2408 Daewoo Double Hull 100% 173,000 2016 ###
MEGI LNG - Hull 2411 Daewoo Double Hull 100% 173,000 2017
MEGI LNG - Hull 2416 Daewoo Double Hull 100% 173,000 2017
MEGI LNG - Hull 2417 Daewoo Double Hull 100% 173,000 2017
MEGI LNG - Hull 2453 Daewoo Double Hull 100% 173,000 2018
MEGI LNG - Hull 2454 Daewoo Double Hull 100% 173,000 2018
MEGI LNG - Hull 2455 Daewoo Double Hull 100% 173,000 2018
MEGI LNG - Hull 2461 Daewoo Double Hull 100% 173,000 2018
Hudong Zhonghua LNG - Hull 1663 Hudong Zhonghua Double Hull 30% 174,000 2017
Hudong Zhonghua LNG - Hull 1664 Hudong Zhonghua Double Hull 30% 174,000 2018
Hudong Zhonghua LNG - Hull 1665 Hudong Zhonghua Double Hull 20% 174,000 2018
Hudong Zhonghua LNG - Hull 1666 Hudong Zhonghua Double Hull 20% 174,000 2019
ARC7 Icebreaker LNG - Hull 2423 Daewoo Double Hull 50% 172,000 2017
ARC7 Icebreaker LNG - Hull 2425 Daewoo Double Hull 50% 172,000 2018
ARC7 Icebreaker LNG - Hull 2430 Daewoo Double Hull 50% 172,000 2019
ARC7 Icebreaker LNG - Hull 2431 Daewoo Double Hull 50% 172,000 2019
ARC7 Icebreaker LNG - Hull 2433 Daewoo Double Hull 50% 172,000 2020
ARC7 Icebreaker LNG - Hull 2434 Daewoo Double Hull 50% 172,000 2020
MEGI LNG - Hull S856 Hyundai Samho Double Hull 100% 174,000 2019
MEGI LNG - Hull S857 Hyundai Samho Double Hull 100% 174,000 2019

Subtotal 21

Fixed-Rate Floating Storage Offtake Vessels (FSO)- Owned Series/Yard Hull Type Percent Ownership DWT Year Built Flag
Apollo Spirit Avondale Double Hull 89% 129,019 1978 Liberian
Dampier Spirit Hyundai Single Hull 100% 106,668 1987 Bahamas
Pattani Spirit Hyundai Single Hull 100% 113,805 1988 Bahamas
Navion Saga Mitsui S.B. Double Hull 100% 149,000 1991 Bahamas
Falcon Spirit Daewoo Double Hull 100% 124,472 1986 Bahamas
Suksan Salamander Mitsui S.B. Double Hull 100% 78,228 1993 Bahamas

Subtotal 6

Fixed-Rate Floating Storage Offtake Vessels (FSO) - Under Conversion Conversion Yard Hull Type Percent Ownership DWT Year Built Flag
Randgrid (Gina Krog FSO) Sembawang Double Hull 100% 124,502 1995 Bahamas

Subtotal 1

Processing Cap.
Fixed-Rate Floating Production Storage Offtake Vessels (FPSO) - Owned Series/Yard Hull Type Percent Ownership (bbl/day) Year Built Flag
Petrojarl Cidade de Rio das Ostras Remontowa Single Hull 100% 25,000 1981 Bahamas
Petrojarl I Nippon Kokan Double Hull 100% 46,000 1986 Bahamas
Petrojarl Foinaven Turku Double Hull 100% 140,000 1998 Bahamas
Petrojarl Varg FELS Double Hull 100% 57,000 1998 Bahamas
Petrojarl Banff Hyundai Double Hull 100% 95,000 1998 Isle of Man
Voyageur Spirit Yantai Raffles Double Hull 100% 30,000 2008 Bahamas
Piranema Spirit Yantai Raffles Double Hull 100% 30,000 2007 Bahamas
Hummingbird Spirit Yantai Raffles Double Hull 100% 30,000 2007 Bahamas
Petrojarl Cidade de Itajai Jurong Double Hull 50% 80,000 2012 Bahamas
Petrojarl Knarr Samsung Double Hull 100% 63,000 2014 Bahamas

Subtotal 10

Processing Cap.
Fixed-Rate Floating Production Storage Offtake Vessels (FPSO) - Under Conversion Conversion Yard Hull Type Percent Ownership (bbl/day) Year Built Flag
Navion Norvegia (Libra FPSO) Jurong Double Hull 100% - 1995 Bahamas

Subtotal 1

LPG Carrier - Owned Series/Yard Hull Type Percent Ownership CBM Year Built Flag
Courcheville Boelwerf Double Hull 50% 28,006 1989 Belgium
Kemira Gas Boelwerf Double Hull 50% 12,030 1995 Belgium
Touraine Hitachi Zosen Double Hull 50% 39,270 1996 Hong Kong
Brugge Venture Mitsubishi Double Hull 50% 35,418 1997 Hong Kong
Eupen Mitsubishi Double Hull 50% 38,961 2005 Belgium
Bastogne Hyundai Double Hull 50% 35,229 2002 Belgium
Norgas Napa Zhonghua Shipyard Double Hull 100% 10,200 2003 Singapore
Libramont Daewoo Double Hull 50% 38,455 2006 Belgium
Sombeke Daewoo Double Hull 50% 38,447 2006 Belgium
Norgas Pan Taizhou Wuzhou Double Hull 100% 10,000 2009 Singapore
Norgas Cathinka Taizhou Wuzhou Double Hull 100% 10,000 2009 Singapore
Norgas Camilla Taizhou Wuzhou Double Hull 100% 10,000 2011 Singapore
Norgas Unikum Dingheng Jiangsu Double Hull 100% 12,000 2011 Singapore
Norgas Vision Dingheng Jiangsu Double Hull 100% 12,000 2011 Singapore
Wassmunster Hyundai Mipo Double Hull 50% 38,000 2014 Belgium
Warinsart Hyundai Mipo Double Hull 50% 38,000 2014 Belgium
Waregem Hyundai Mipo Double Hull 50% 38,000 2014 Belgium
Warisoulx Hyundai Mipo Double Hull 50% 38,000 2015 Belgium
Kaprijke HHIC-Phil Double Hull 50% 38,000 2015 Belgium

Subtotal 19 ###
###
LPG Carrier - In-chartered Series/Yard Hull Type Percent Ownership CBM Year Built Flag
Brussels Mitsubishi Double Hull * 35,454 1997 Belgium
Antwerpen Hyundai Double Hull * 35,223 2005 Hong Kong
Odin Daewoo Double Hull * 38,501 2005 Singapore
BW Tokyo Mitsubishi HI Double Hull * 81,605 2009 Singapore

Subtotal 4 ###
###
LPG Carrier - Newbuildings Series/Yard Hull Type Percent Ownership CBM Year Built Flag
HHIC Hull P0101 HHIC-Phil Double Hull 50% 38,000 2016 Belgium
HHIC Hull P0102 HHIC-Phil Double Hull 50% 38,000 2016 Belgium
HHIC Hull P0103 HHIC-Phil Double Hull 50% 38,000 2016 Belgium
HHIC Hull P0126 HHIC-Phil Double Hull 50% 38,000 2017 Belgium
HHIC Hull P0127 HHIC-Phil Double Hull 50% 38,000 2017 Belgium
HHIC Hull P0135 HHIC-Phil Double Hull 50% 38,000 2017 Belgium
HHIC Hull P0137 HHIC-Phil Double Hull 50% 38,000 2018 Belgium

Subtotal 7 ###
###
Unit for Maintenance and Safety - Owned Series/Yard Hull Type Percent Ownership Berths Year Built Flag
Arendal Spirit COSCO Nantong Double Hull 100% 500 2015 Bahamas

Subtotal 1 ###
###
Unit for Maintenance and Safety - On Order Series/Yard Hull Type Percent Ownership Berths Year Built Flag
Floating Accommodation Unit - N381 COSCO Nantong Double Hull 100% 500 2015
Floating Accommodation Unit - N675 COSCO Qidong Double Hull 100% 500 2016

Subtotal 2 ###
###
Long Distance Towing and Anchor Handling Vessels - On Order Series/Yard Hull Type Percent Ownership Bollard Pull (tonnes) Year Built Flag
ALP Ace Mutzelfeldt Double Hull 100% 197 2006 Netherlands
ALP Winger Mutzelfeldt Double Hull 100% 220 2007 Netherlands
ALP Ippon Mutzelfeldt Double Hull 100% 207 2007 Netherlands
ALP Forward Mutzelfeldt Double Hull 100% 220 2008 Netherlands
ALP Guard Mutzelfeldt Double Hull 100% 301 2009 Netherlands
ALP Centre Mutzelfeldt Double Hull 100% 306 2010 Netherlands

Subtotal 6 ###
###
Long Distance Towing and Anchor Handling Vessels - On Order Series/Yard Hull Type Percent Ownership Bollard Pull (tonnes) Year Built Flag
Niigata Hull N-0081 Niigata Double Hull 100% 300 2016
Niigata Hull N-0082 Niigata Double Hull 100% 300 2016
Niigata Hull N-0083 Niigata Double Hull 100% 300 2016
Niigata Hull N-0084 Niigata Double Hull 100% 300 2016 ###

Subtotal 4 ###
###
Infield Support Vessels - On Order Series/Yard Hull Type Percent Ownership Bollard Pull (tonnes) Year Built Flag
Hull H1097 ASL Shipyard Double Hull 50% 100 2016
Hull H1098 ASL Shipyard Double Hull 50% 100 2016
Hull H1099 ASL Shipyard Double Hull 50% 100 2016

Subtotal 3 ###
###
Teekay Corporation Fleet List Number of Vessels ***
Chartered-in Newbuildings on Order /
Owned Vessels Vessels Conversions Total ###
Offshore
Shuttle Tankers 29 3 3 35
HiLoad Dynamic Positioning Unit 1 - - 1
Floating Storage & Offtake ("FSO") Vessels 6 - 1 7
Floating Production Storage & Offtake ("FPSO") Vessels 10 - 1 11
Unit for Maintenance and Safety ("UMS") 1 - 2 3
Long Distance Towing and Anchor Handling Vessels 6 - 4 10
Infield Support Vessels - - 3 3
Total Offshore 53 3 14 70

Fixed-Rate Tankers
Large Product Tankers 1 - - 1
Aframaxes 10 - - 10
Suezmaxes 7 2 - 9
VLCC 1 #REF! #REF!
Total Fixed-Rate Tankers 19 2 #REF! #REF!

Liquefied Gas Carriers

LNG Carriers 29 - 21 50
LPG Carriers 19 4 7 30
Total Liquefied Gas 48 4 28 80

Spot Tankers
VLCC 3 - - 3
Suezmaxes 30 - - 30
Aframaxes 12 11 - 23
Large Product Tankers 11 3 - 14
Total Spot Tankers 56 14 - 70
Total 176 23 #REF! #REF!

* Time chartered-in vessel

** 50% Owned Vessels through Joint Ventures
*** Excludes vessels managed on behalf of third parties