T

Teekay Tankers Ltd
NYSE:TNK

Watchlist Manager
Teekay Tankers Ltd
NYSE:TNK
Watchlist
Price: 39.75 USD 1.69%
Market Cap: 1.4B USD
Have any thoughts about
Teekay Tankers Ltd?
Write Note

Teekay Tankers Ltd
Investor Relations

Teekay Tankers Ltd. operates as a unique player in the global maritime industry, focusing on the transportation of crude oil with a modern and versatile fleet of oil tankers. Established as a subsidiary of the larger Teekay Corporation, the company has carved out its niche by providing seaborne transportation services through its astutely managed fleet. It primarily operates Suezmax, Aframax, and Long Range 2 (LR2) tankers. These specialized vessels are engineered to carry large quantities of oil, adeptly navigating the world's oceans and delivering crucial energy resources to refineries and markets worldwide. This fleet composition allows Teekay Tankers to adjust quickly to fluctuations in demand and shipping routes, ensuring their operations remain robust across various economic cycles.

Teekay Tankers generates its revenue primarily through time-charter and spot market contracts. In the time-charter model, Teekay leases its vessels to customers for predetermined periods, providing a steady and predictable revenue stream. Meanwhile, in the spot market, the company capitalizes on short-term opportunities by transporting oil on a voyage-by-voyage basis, potentially reaping higher rates when market conditions are favorable. This hybrid approach offers a balance of stability and flexibility, allowing Teekay Tankers to optimize its earnings in both stable and volatile market scenarios. By focusing on operational efficiency and strategic market positioning, Teekay Tankers not only ensures steady financial health but also fortifies its reputation as a reliable partner in the global oil supply chain.

Show more

Earnings Calls

Show Transcript
Previous
Next
Loading

Management

Mr. Kenneth Hvid
CEO, President & Chairman
No Bio Available
Mr. Jamus Spink
VP of Information Technology & Chief Information Officer
No Bio Available
Ms. Anne Elizabeth Liversedge
General Counsel
No Bio Available
Mr. Mikkel Seidelin
Chief Commercial Officer
No Bio Available
Ms. Edith Robinson
Corporate Secretary
No Bio Available
Mr. Christian Waldegrave
Director of Research & Commercial Performance
No Bio Available

Contacts

Address
BRITISH COLUMBIA
Vancouver
550 Burrard St Suite 2000, Bentall 5
Contacts