Teekay Tankers Ltd. · Nassau Bahamas ·(NYSE: TNK)
Company Description
Phone: +1-242-502-8820
View Teekay Tankers Ltd. Locations On A US Map
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This link will open in a new window Teekay Tankers owns and manages a fleet of about 10 double-hull tankers, which it charters to such customers as Shell International Trading and Shipping , Skaugen PetroTrans , and Valero for use in seaborne transportation of crude oil. Teekay Tankers' fleet has an overall capacity of about 2 million deadweight tons (DWT). The company generates revenue by selling both short-term voyage charters and longer-term time charters. Teekay Corporation , a leading marine transporter of petroleum products, retains a 42% interest in Teekay Tankers, which it spun off in 2007. A Teekay Corporation subsidiary manages the Teekay Tankers fleet. To read the full description, subscribe now.
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Key Teekay Tankers Ltd. Financials
| Company Type | - NYSE: TNK |
Teekay Tankers Ltd. Executives
8 executives listed for Teekay Tankers Ltd.'s Nassau, location.
| Title | Name & Bio | Contact |
| Chairman | C. Sean Day | Network |
| CEO and Director | Bjorn Moller | Network |
| CFO | Vincent Lok | Network |
Competition
Competitive Landscape for Teekay Tankers Ltd.
Demand is driven by macroeconomic trends in global imports and exports. The profitability of individual companies depends on efficient operations and a good safety record. Large companies have advantages in fleet size and port access. Small companies can compete effectively by chartering services out of smaller ports and transporting unusual cargo. Average annual revenue per worker for a typical company is nearly $500,000. The global shipping industry transports over 90 percent of the world's total commerce, according to the International Shipping Federation (ISF). Deep sea shipping is a highly competitive industry; however, competition from other forms of transportation is limited. To read the full description, subscribe now.Top Teekay Tankers Ltd. Competitors
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