June 24, 2004

Teekay to trial Boeing high speed internet service

Leading tanker operator Teekay Shipping (NYSE: TK) is to trial a high speed internet connection service originally developed for the aviation industry.

Connexion by Boeing, a business unit of the Boeing Company (NYSE: BA) and Teekay have signed an agreement to launch a maritime trial of the Connexion by Boeing service over the North Atlantic beginning in August.

Connexion by Boeing offers speeds of 2.5 Mbps to the vessel and 256 kbps from the vessel--much faster than the most commonly deployed narrowband maritime communications systems available today. This capability will allow users to access the Internet and firewall-protected corporate intranets, send outgoing e-mails or open large attachments from incoming e-mails and get the news, weather or destination information.

"Teekay is a proven leader in the maritime industry and we are thrilled at the opportunity to demonstrate the value that affordable real-time, high-speed connectivity can bring to their operations at sea," said Connexion by Boeing President Scott Carson.

"It has been exhilarating to work with the world's leading aviation manufacturer. What is more exciting however, is the ability to trial their high-speed Internet service at sea solution," said Graham Westgarth, president of Teekay Marine Services. "Affordable broadband on our ships will allow us to explore business solutions and services that have previously not been feasible."

"This service brings new choices to the maritime market, offering previously unavailable productivity strategies for owners to manage their fleets," said Sean Schwinn, Connexion by Boeing VP of Strategy and Business Development. "Through Connexion by Boeing's open architecture, the maritime community will have a universal selection of applications, new networking solutions and services focused on improving fleet productivity and safety,"

Schwinn said supplying the high speed service to "is a natural complement to our commercial airline service. The maritime solution leverages the existing satellite and ground-based network Connexion by Boeing has established and will bring the same capabilities for robust, high-speed connectivity to the maritime industry."

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