Refugees Are Bigger Problem Than Pirates: Teekay CEO

The video discusses the importance of ship security and health protocols, especially in the context of threats like Ebola. It explains the structure of Teekay Corporation, highlighting its focus on LNG, offshore, and tanker operations. The video also addresses global shipping challenges, such as piracy and the refugee crisis, and their impact on operations. Finally, it covers economic factors affecting the shipping industry, including long-term contracts and the role of major customers like Petrobras.

What is a key responsibility of Port State control in shipping?

• Verifying the identity and health of passengers

• Checking the ship's speed and fuel efficiency

• Monitoring the ship's entertainment facilities

• Ensuring the ship's cargo is profitable

Why did Teekay Corporation create separate entities like Teekay LNG Partners?

• To provide investors with pureplay options

• To increase the number of employees

• To reduce operational costs

• To focus on different geographical markets

What is a significant challenge for shipping companies besides piracy?

• High fuel prices

• Refugee crisis

• Lack of skilled labor

• Weather conditions

How long is the average contract for Teekay's LNG business?

• 5 years

• 10 years

• 20 years

• 14 years

Which company is one of Teekay's largest customers, expected to double its oil production?

• ExxonMobil

• Petrobras

• Shell

• BP