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In the present, Shipping Agents of shipping market are usually nominated by chaterer¡¯s recommendation and request, Therefore agents used not to give 100% satisfaction to ship owner because time and service is more likely to be contributed to charterer¡¯s interest.
To solve this unpleasant case, we would like give Owner solution, called ¡°Owner Protective agent System¡±Owner protective Agent is Managing Owner Service Matter
which is included the crew Owner Service Matters Agreement has been made between Teekay Shipping Canada and K-Marine Co., Ltd.

As per this Agreement since year of 1989,K-Marine Co., Ltd. Has been served as Owner Protective Agent, and has managed Owner Service Matter of tanker Vessels of Teekay shipping own vessel calling in Korea, 80~100 vessels per year and have been processing or going diversification of Agent Business since year of 2004.